Is Memphis a Good Place to Live?
Based on current data, Memphis receives an overall livability score of 2.2 out of 5.0, earning a grade of C. Key strengths include low unemployment, affordable housing, abundant sunshine, high health insurance coverage. Areas to be aware of include an elevated poverty rate, below-average incomes, long commute times. Memphis has some notable strengths but also faces challenges that prospective residents should consider.
Economy & Jobs
The median household income in Memphis is $2,499, 97% below the national average of $75,149. The job market is very strong with unemployment at just 0.0%. The poverty rate of 60.0% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 38 minutes, longer than the typical American commute of 28 minutes.
Cost of Living & Housing
The median home value in Memphis is $57,900, 79% below the national median — offering relatively affordable homeownership. With a home price-to-income ratio of 23.2x, housing affordability is a significant challenge for many families.
Education
30.8% of residents hold a bachelor's degree, below the national average of 33.7%. 84.6% have completed high school. Area schools have an average test score of 4.4/10.
Climate & Weather
Memphis enjoys a moderate climate with an average annual temperature of 63°F. Winters average 44°F in January while summers reach 81°F in July. With 323 sunny days per year, residents enjoy well above the national average of sunshine. Air quality is rated Good with a median AQI of 41.