Memphis : Tennessee

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What it's Like to Retire in Memphis

Memphis is a city in the southwestern corner of Tennessee, and the county seat of Shelby County.  It’s the largest city on the Mississippi River with a population of 655,155  (2012).  Because of its location, Memphis has become a national transportation hub with barge traffic, major interstate highways that cross through the city, and several freight railroads that serve the city.  Memphis has many historic sites, parks and museums. During the 1960s, the city was at the center of civil rights issues, and will always be remembered as the town where the assassination of  Martin Luther King, Jr. happened in 1968, the day after giving his prophetic I've Been To The Mountaintop speech. The city is also home to several well-known musicians. Graceland, the former home of Elvis Presly, is the most visted house in America, second only to the White House. In 2012, Forbes Magazine ranked Memphis as one of the top 15 cities in the United States with an emerging downtown area. Picture of downtown skyline courtesy of Wikipedia and Hellohowareyoudoing; picture of Graceland courtesy of Wikipedia and Jan Kronsell.

 

Where to Retire in Memphis and Home Prices

The median sale price of a home in Memphis was $135,800 in the first quarter of 2016, according to the National Association of Realtors.

 

What is special about Memphis

Memphis is the largest city on the Mississippi River and is hub to many companies;  Memphis has many places of interest and  cultural events that celebrate it's history from civil rights to music.

 

What is not special about Memphis

Memphis does have a high crime rate.

 

Who will like retirement in Memphis

Retirees who want a large city full of history and music would like it here.

 

Local economy is driven by

Due to its location on the Mississippi River, Memphis is a major shipping hub with barge traffic, interstate traffic, and railroad freight; The city is home to several Fortune 500 companies and other major corporations;  Graceland attracts over 600,000 tourists a year.

 

Climate and Physical Environment

Memphis experiences all four seasons; January's average temperature is 41 degrees and July's average is 82 degrees;  Annual precipitation is high at 53 inches, but is evenly distributed throughout the year with August through October the driest period.

 

Restaurants & Cultural Scene

Memphis is well known for its cultural contributions to the identity of the American South. It is the home of music legends of various American music genres, including blues, gospel, and country music.  Many renowned musicians grew up in and around Memphis but moved from the Mississippi Delta. These included such musical greats as Elivis Presley, BB King, Johnny Cash and Justin Timberlake. Beale Street  is a national historical landmark, and shows the impact Memphis has had on American Blues.  Through out the year, Memphis hosts many festivals. One of the largest is "Memphis in May". This month-long series of events promotes the heritage of Memphis.

 

Crime

Memphis does have a high crime rate when compared to the national average.

 

Medical facilities

Baptist Memorial Hospital, Delta Medical Center and Memphis VA Medical Center

 

Transportation

Memphis International Airport; Amtrak services Memphis; The city is considered very walkable.

 

Valuable Links

Memphis

Travel to Memphis

 

What people are saying about Memphis

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Facts about MEMPHIS
  • State: TN
  • Environment: Urban,College Town,Cultural Center,
  • City Population: 100,001+
  • Median age of Population: 25-44
  • Avg Jan Temperature: 21-40
  • Avg July Temperature: 81+
  • Median HH Income: 20,001-40,000
  • Average Home Price (MLS): $100,000-$200,000
  • Annual Property Tax on a $200,000 house: Less than 2000
  • Total Crime Index: 121+ (very high)
  • Cost of Living Index: 81-90 (low)
  • Culture Index: 111-120 (high)
  • State Sales Tax: Yes
  • State Income Tax: Yes
  • Name of the Guide:

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1. Rating: 2.5/5 ( 2 votes cast)

2. Expense:
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2. Rating: 2.0/5 ( 2 votes cast)

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3. Rating: 3.5/5 ( 2 votes cast)

4. Culture:
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4. Rating: 3.5/5 ( 2 votes cast)

5.Recreation:
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5. Rating: 3.0/5 ( 2 votes cast)

6. Transportation:
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6. Rating: 3.0/5 ( 2 votes cast)

7. Security:
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7. Rating: 2.5/5 ( 2 votes cast)

8. Medical Facilities:
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8. Rating: 4.5/5 ( 2 votes cast)

9. Political Situation:
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9. Rating: 2.3/5 ( 3 votes cast)

10. Environmental:
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10. Rating: 3.0/5 ( 2 votes cast)

 
 

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