Memphis is known for blues and rock music, amazing Southern cuisine, and a lively nightlife with nightclubs, live music venues, hip bars, and lounges. There’s always something happening in the Birthplace of Rock ‘n’ Roll, also known by nicknames like Home of the Blues and Bluff City. Memphis also boasts a rich history.
Why would you move to Memphis?
One of the top reasons to move to Memphis is its low cost of living. Almost everything, from groceries to utilities through education and recreation, is considerably cheaper in Memphis and well below the national average.
Is Memphis a good place to move to?
Memphis has a fairly low cost of living for a large metro area. Rent prices and mortgage expenses are considerably lower than the national average. Expenses for food and services are also significantly lower than in other major regions, especially in the more rural areas that spread out beyond the metro region.
Is it good to live in Memphis Tennessee?
Famous for its endless entertainment, Memphis is Tennessee’s second most populous city and one of the best places to live in Tennessee. Memphis spectacular outdoor activities, great weather, and shorter commute time makes it a perfect place for many millennials.
Why do you love living in Memphis?
Lively Downtown Area
Memphis is known across the country as the home of blues and rock and roll. Its downtown area features a plethora of live music venues, restaurants, cafes, and museums dedicated to music and artists that helped shape the industry we know today.
What is a good salary in Memphis?
A good salary in Memphis, TN is anything over $39,000. That’s because the median income in Memphis is $39,000, which means if you earn more than that you’re earning more than 50% of the people living in Memphis. The average salary in Memphis is $47,593. A good hourly wage in Memphis is $18.75 per hour.
Is it better to live in Nashville or Memphis?
Incomes in Nashville are 27% higher than in Memphis, however, the median home price in Nashville is 73% higher than in Memphis. The cost of amenities and living is approximately the same in both cities, with Nashville ranking slightly higher overall.
What does Memphis do for a living?
What Does Memphis Do for a Living? Memphis has worked in the healthcare industry since 2012. She has a bachelor’s degree in Nursing and a master’s degree in Psychiatric-Mental Health Nurse Practice. Which ’90 Day Fiance’ Couples Are Still Together, Married or Divorced?
What to know about living in Memphis?
Today, Memphis is one of the best places to live in the South with amazing weather, a low cost of living, and a rich culture unlike any other place on earth.
Memphis, TN Taxes
- There is no Tennessee income tax.
- The Memphis sales tax rate is 9.750%.
- The Memphis property tax is $3.195986 per $100 assessed value.
What is the best part of Memphis to live in?
Check out this list of the five best neighborhoods and suburbs in Memphis for families!
- Bartlett.
- Cordova.
- East Memphis.
- Germantown.
- River Oaks-Kirby-Balmoral.
Are people moving out of Memphis?
Roughly 30,000 people left the Memphis area since 2010. The Memphis area had the sixth highest level of people moving away in what is being termed “outmigration.”
What is the racial makeup of Memphis Tennessee?
The 5 largest ethnic groups in Memphis, TN are Black or African American (Non-Hispanic) (62.8%), White (Non-Hispanic) (25.9%), White (Hispanic) (4.46%), Other (Hispanic) (2.89%), and Asian (Non-Hispanic) (2.08%).
What is the safest area of Memphis?
If you’re looking for a safe, affordable spot to settle down in Memphis, check out these five neighborhoods!
- Binghampton.
- Cooper-Young.
- East Memphis.
- Germantown.
- Midtown.
Is Memphis an up and coming city?
Already the most populated city in Tennessee, Memphis is gaining recognition as one of the most up-and-coming cities in the U.S. Known for being a hub for blues and barbeque, the city has seen increased development, with a growing business community and revitalization projects across the downtown area.
Is Memphis a poor city?
Poverty Rankings
In 2020, Memphis placed again in the top spot in both overall poverty and child poverty among large Metropolitan Statistical Areas (MSAs) with populations greater than 1,000,000.
Is Downtown Memphis safe to live?
Although Memphis is a great place to live, some areas are unsafe and should be avoided. Downtown and similar areas have very high crime rates.
What is minimum wage in Memphis TN?
$7.25
Tennessee’s minimum wage hasn’t changed since 2009, when the federal minimum wage changed to $7.25. Someone working full time on minimum wage would only make about $15,000 a year.
How much money do you need to live comfortably in Memphis?
The median income is the area is below $28,000, about half of what is needed to meet the “50/30/20” rule. In Memphis, the site lists the median income as $38,230 a year, but says the needed income if you’re a homeowner is $63,595 a year, and that the needed income if you’re a renter is $69,331.
How much money do you need to live comfortably in Memphis Tennessee?
The median income in Memphis is $41,864. However, it’s advisable to spend no more than 30% of your take home pay on rent. If you rent a one bedroom apartment in Memphis for $968, you need a salary of $38,720 to live comfortably. For a two bedroom apartment that costs $1,127, you’ll need a salary of at least $46,080.
Is Memphis safer than Nashville?
With a violent crime rate of 19.0 per 1,000 residents, the chances of being a victim in Memphis is around 1 in 52. Nashville, the next city on the list, has a rate of 11.1 per 1,000 residents with a 1 in 90 chance of being a victim.
Is Memphis as fun as Nashville?
Both cities are fun to visit for a couple of days, but I wouldn’t blow any vacation days at either one. If you’re an Elvis fan, BBQ lover or into blues music, Memphis is the obvious choice. If you’re into country music, Nashville is the obvious choice.