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Ranking of best places for retirees in Memphis Area based on livability for the retirement population and access to healthcare and entertainment.
- Memphis Area Affordability and Cost of Living. The Memphis metro area enjoys a cost of living that is about 10 percent less than the rest of the nation, mostly due to lower housing costs.
- Memphis Area Climate and Geography. The Memphis metro area is within the humid subtropical climate zone with hot humid summers and cool winters. Average summer temperatures range from 72 to 90 degrees with an average of 74 percent humidity.
- Recreation, Shopping, and Entertainment Memphis Area. The Memphis, TN area offers a plethora of recreational activities, cultural events, shopping destinations, and entertainment options.
- Memphis Area Health and Wellness. The Memphis area offers excellent health and wellness options for its residents with proximity to major medical centers and a variety of local options for self-care, fitness, and mental well-being.
- Exploring The Perks and Pitfalls of Moving to Memphis, Tennessee
- Is Memphis A Good Place to Live?
- Pros and Cons of Living in Memphis: Comparison Table
- Pros of Living in Memphis
- Cons of Living in Memphis
- Living in Memphis Pros and Cons: Wrap Up
In this article, I will outline the pros and cons of living in Memphis, Tennessee. Read on to explore the following questions: Is Memphis a good place to live? Will moving to Memphis be the right choice for you and your family? Let’s dive in.
Yes. Memphis is a good place to live. Residents benefit from the modest cost of living, income tax breaks, educational opportunities, and plenty of fun things to do. However, living in Memphis comes with some drawbacks. Thus, I recommend carefully considering all the pros and cons before moving. Here is a summary of what you need to know.
Next, let’s review the above Memphis’ pros and cons one at a time. Disclosure: At no cost to you, I may get commissions for purchases made through links in this post.
1. You Will Love The Modest Home Prices
Memphis has affordable home prices. The median home value in Memphis is over 50% lower than the national average. Sources: Federal Reserve Bank of St. Louis and Redfin market insights. More reading: The cheapest places to live in Tennessee
2. Enjoy Low Living Costs In Memphis
In Memphis, utilities, groceries, transportation, and health care costs are 7-12% less than comparable U.S. figures. Source:Payscale.com Thus, choosing Memphis means moving to a low-cost city in the affordable state of Tennessee. Next, I want to stick with the money theme and highlight another financial perk of living in Memphis.
3. Income Taxes Are Your Best Friend In Memphis, TN
Memphis residents benefit from the favorable state tax environment since Tennessee does not have an income tax. Thus, your earnings from your job, investments, and retirement savings are free from state taxes. Income taxes are one of the big financial advantages of moving to Tennessee, whether you choose Memphis or another city. Okay. We are just getting warmed up. Let’s keep moving through the pros and cons of living in Memphis…
10. Hot And Humid Summers: Can You Beat The Heat?
Memphis has a hot summer season. Summer here lasts from roughly May through September. High temperatures are routinely in the 90s, with lows in the 70s. High humidity is common during this season. The humid air arrives from the steamy Gulf of Mexico. Warm breezes bring moisture up from the states of Louisianaand Mississippi. Summer sometimes feels a little like a sauna. As a result, it’s hard to walk outside without soaking your clothes in sweat. Thus, living in Memphis may not be for you unl...
11. Bugs And Insects Love Living In Memphis, Too
In Memphis, bugs and mosquitoes love the heat and humidity. Be prepared, or bugs will ruin your best-planned outdoor activity. Flies, ants, and cockroaches are other common household pests you should be aware of.
12. High Frequency Of Severe Weather
Memphis has a high rate of tornado activity. These destructive storms can occur almost any time of the year. The city is part of Dixie Alley in the southeastern United States, known for its higher tornado risk. I recommend you have a good insurance plan to protect your property after moving to Memphis.
Hopefully, my discussion about Memphis living helped you answer some important questions. Such as: 1) What is it like to live in Memphis? and 2) Should I move to Memphis? Good luck with your decision. No matter where you decide to live!
- Germantown. Overall SnackAbility. 7.5. Population: 40,955. Median Income: $132,949. Unemployment Rate: 2.9% Poverty Rate: 2.4% More on Germantown: Data | Crime | Cost Of Living | Real Estate.
- Collierville. Overall SnackAbility 9 Population: 50,669. Median Income: $119,461. Unemployment Rate: 3.0% Poverty Rate: 2.8% More on Collierville: Data | Crime | Cost Of Living | Real Estate.
- Bartlett. Overall SnackAbility. 8.5. Population: 57,639. Median Income: $85,171. Unemployment Rate: 4.4% Poverty Rate: 4.9% More on Bartlett: Data | Crime | Cost Of Living | Real Estate.
- Arlington. Overall SnackAbility 6 Population: 14,158. Median Income: $104,637. Unemployment Rate: 3.2% Poverty Rate: 6.1% More on Arlington: Data | Cost Of Living | Real Estate.
Jun 5, 2024 · 226 authentic reviews of 20 independent living communities in Memphis, TN. The average is 4.4. Read the reviews and learn about pricing and availability on Caring.com.
Exploring Memphis suburbs for your retirement? Our rankings indicate Millington, Germantown, and Munford are perfect for seniors.
Jul 6, 2024 · StoryPoint Collierville, King's Reserve Memphis and American House Bartlett are the top-rated Independent Living facilities near Memphis, TN. These Independent Living facilities received the highest rankings based on verified family reviews. See full list of communities.
