City profile
Memphis, TN
A city steeped in African American history, music, and soul food, with some of the most affordable housing in the US.
Climate
Climate type
Humid subtropical
Winter avg
42°F
Summer avg
82°F
Sunny days / yr
216
Home prices & cost of living
Median home price
$185,000
Typical monthly housing
$1,200
Cost of living (100 = U.S.)
84
Taxes
- Property tax
- 1.29%
- State income tax (top)
- None
- Social Security
- Not taxed
- Pensions
- Not taxed
- Sales tax (state + avg. local)
- 9.56%
FEMA natural hazard risk
Relatively High · county score 99/100
Top hazards: Tornado, Cold wave, Heat wave
Nearest major airport
8 mi to Frederick W. Smith International Airport (MEM)
Political lean (2024 county vote)
Leans Democratic · 62% Democratic / 36% Republican
Demographics (Census ACS)
Population (2024)
618,980
Growth since 2019
-5.1%
Median age
34.2
Residents 65+
14.4%
Median household income
$51,736
Income growth since 2019
+25.5%
Black household income
$43,315
Home ownership
44.9%
Poverty rate
23.1%
Poverty rate, 65+
17.1%
Race & ethnicity: Black 62.7% · White 22.4% · Hispanic 10.4% · Asian 1.7% · Other 2.8%
Crime (per 100,000 residents, 2025)
Violent crime
1,853 · 462% above the national average
Property crime
5,029 · 224% above the national average
Source: FBI Crime Data Explorer, Memphis Police Department. State average: violent 499, property 1,662.
2025–2026 trends
2026 market trends
- ▸TN is gaining retirees — a sign of strong retiree services and community
- ▸Part of the New Great Migration — a growing Black community in the South
- ▸Climate/cost risks to check: tornadoes
Highlights
- Deep African American cultural roots
- Extremely affordable housing
- Incredible BBQ and soul food
- National Civil Rights Museum
Trade-offs
- Higher crime rates
- Limited economic growth
- Higher property taxes
Figures are estimates from public sources (see How we match). Verify before making decisions.