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Living in Memphis, Tennessee

Memphis, Tennessee is one of the most culturally rich and affordable major cities in the state. Known worldwide for its music history, food scene, and riverfront setting, Memphis offers some of the lowest home prices in Tennessee while still providing big-city amenities and opportunity.

Why People Are Moving to Memphis

Memphis attracts buyers looking for affordability, culture, and value.
  • Some of the most affordable housing in Tennessee
  • No state income tax
  • Strong logistics and distribution job market
  • Rich music, food, and arts culture
  • Major transportation and travel hub
  • Diverse neighborhoods and lifestyles
Many people relocating to Tennessee choose Memphis for its low cost of entry and big-city feel.

Where Is Memphis Located?

Memphis is located in Southwest Tennessee, along the Mississippi River.
  • 3 hours to Nashville
  • 4 hours to St. Louis
  • Easy access to Arkansas and Mississippi
  • Major international airport (MEM)
Its central location makes Memphis a key logistics and transportation hub.

Cost of Living in Memphis

Memphis offers one of the lowest costs of living of any large U.S. city.

Mediam home price

$ 200,000
  •  

2-bedroom apartment

$ 1,100–$1,500
  •  

Utilities

Near national average
  •  

Property taxes

Low compared to many states
  •  

Best Neighborhoods in Memphis

East Memphis

  • Established neighborhoods
  • Popular with families and professionals
  • Strong resale value

Midtown

  • Historic homes
  • Arts and music scene
  • Walkable areas

Downtown Memphis

  • Condos and lofts
  • Riverfront access
  • Entertainment and dining

Germantown & Collierville

  • Highly rated schools
  • Upscale neighborhoods
  • Family-friendly environments

Schools & Education

Memphis provides multiple education options:
  • Public and private K-12 schools
  • Charter schools
  • University of Memphis
  • Medical and technical institutions
Education options continue to expand across the metro area.

Healthcare & Employment

Memphis has a diverse economy supported by:
  • Logistics and distribution (FedEx HQ)
  • Healthcare and medical research
  • Manufacturing
  • Education and government
FedEx alone makes Memphis one of the most important logistics centers in the world.

Things to Do in Memphis

Memphis offers culture you won’t find anywhere else:
  • Beale Street and live music
  • Graceland and music history landmarks
  • World-famous BBQ
  • Riverfront parks and trails
  • Professional sports and festivals
Memphis blends Southern culture with urban energy.

Homes for Sale in Memphis

Memphis’ housing market includes:
  • Affordable single-family homes
  • Historic properties
  • Condos and townhomes
  • Investment and rental opportunities
Homes in Memphis are among the best values in Tennessee.
Homes for Sale
Schools & Education
Memphis provides multiple education options:
• Public and private K-12 schools
• Charter schools
• University of Memphis
• Medical and technical institutions
Education options continue to expand across the metro area.
Image description
Healthcare & Employment
Memphis has a diverse economy supported by:
• Logistics and distribution (FedEx HQ)
• Healthcare and medical research • Manufacturing
• Education and government
FedEx alone makes Memphis one of the most important logistics centers in the world.
Image description
Things to Do in Memphis
Memphis offers culture you won’t find anywhere else:
• Beale Street and live music
• Graceland and music history landmarks
• World-famous BBQ
• Riverfront parks and trails
• Professional sports and festivals
Memphis blends Southern culture with urban energy.
Image description
Homes for Sale in Bristol
Memphis’ housing market includes:
• Affordable single-family homes
• Historic properties
• Condos and townhomes
• Investment and rental opportunities
Homes in Memphis are among the best values in Tennessee.
Home for Sale
Image description

Work With a Memphis Realtor

A local Memphis realtor can help you:

Identify safe and desirable neighborhoods

Find value and investment opportunities

Navigate inspections and negotiations

Assist with relocation planning

Connect With a Memphis Realtor

Is Memphis Right for You?

Memphis may be a great fit if you’re looking for:

  • Extremely affordable housing
  • Big-city amenities
  • Cultural depth and history
  • Job opportunities in logistics and healthcare
  • Strong rental and investment potential

For many relocating buyers, Memphis offers unmatched value and culture.

Explore Other Tennessee Cities

  • Nashville
  • Franklin
  • Clarksville
  • Jackson
See Best Places to Live in Tennessee →