Cost Of Living
Residents in this area benefit from an affordable cost of living. This includes goods and services, transportation, housing, utilities, groceries and healthcare.
Housing
The housing category in this area boasts higher than average scores, likely influenced by a positive home affordability ratio, robust appreciation rates or elevated home values.
Amenities
It appears that many amenities may not be conveniently situated within walking distance, potentially necessitating the use of a vehicle or public transit.
Commute
Commuters in this area may experience longer-than-average work commute times due to limited public transportation access.
Health & Safety
Factors like poor air quality and the absence of essential health-related facilities like hospitals, clinics, nursing homes and pharmacies could have played a role in the low score in this category.
Schools
Factors such as lower than average graduation rates, lackluster reading and math scores and the limited accessibility of local elementary and high schools could contribute to the low schools score.
Memphis is a medium-sized city located in the state of Florida. The city has a population of 10,702 people. In Memphis, there are 3,283 people per square mile, which is well above the national population density average. Memphis is mostly populated by White (51%) and Black or African American (39%) ethnic groups. Memphis is very likely to be a great place to live for singles as only 44%, of the population (over fifteen) are classified as married. Long commute times to work can be incredibly frustrating, ranking just behind housework on the list of life's annoyances. If you opt to make Memphis your home, your one-way commute time will typically last around 27 minutes, a duration that aligns with the national average commute time of 26 minutes.
If you’re considering relocating to any new city, it could be a very daunting task. However, it could also be a positive experience if you are willing to get to know the area before actually living in Memphis, Florida. When searching for a new neighborhood, several key items should be considered. Safety is of utmost importance, ensuring a secure environment with low crime. Proximity to your workplace or school helps reduce commuting time and offers convenience. Access to amenities such as parks, grocery stores, and healthcare facilities enhances your daily life. Public transportation options contribute to easy mobility. A sense of community fosters a supportive and engaging environment. Lastly, the overall atmosphere should align with your desired lifestyle, ensuring a fulfilling living experience. Considering these items will guide you towards finding the perfect neighborhood that fits all your needs. Using the livability score which includes data from categories like amenities, cost of living, employment, you can easily compare the best places to live in Memphis and also determine if there are any nearby cities that might be a better match for your lifestyle. You can also compare Memphis to Florida and the national average.
Memphis has a livability score of 61/100 and is ranked #744 in Florida and #16,081 in the USA. Based on the rankings for each individual category, Memphis has received high marks for cost of living (A+) and housing (A+). There is at least one category that did not score well in Memphis. The following was graded with a discouraging score: amenities (F) and education (F).
Finding affordable real estate and housing in Memphis can be tricky. Having said that, this area might be the place to get the best of both worlds. Based on factors like home/rental affordability and appreciation rates, this area has received an above average score in the housing category. A healthy real estate market can lead to wealth appreciation for property owners, as rising property values can contribute to homeowners' equity, financial stability and the ability to build long-term wealth.
Memphis real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Memphis. Median real estate prices in Memphis come in at $170,100, which is 2% higher than the Florida average. The home price to income ratio compares the median home prices to the median household income. In Memphis, the home price to income ratio is 3, which is 11.8% lower than the Florida average.
| Statistic | Memphis | Florida | National |
| Average one way commute | 27min | 27min | 26min |
| Workers who drive to work | 81.7% | 79.5% | 76.4% |
| Workers who carpool | 11.4% | 9.3% | 9.3% |
| Workers who take public transit | 0.9% | 2.1% | 5.1% |
| Workers who bicycle | 0.0% | 0.7% | 0.6% |
| Workers who walk | 2.6% | 1.5% | 2.8% |
| Working from home | 3.4% | 5.4% | 4.6% |
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