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.
Located in the state of Florida, Memphis is a mid-sized city with a population of 10,949 inhabitants. With a population density of 3,357 people per square mile, Memphis is well above the nation's average density level. Memphis is known to be an ethnically diverse city. The two most common races are White (51%) and Black or African American (39%). Memphis is not known to have a high population (over 15 years old) of married people. At only 44% married, this city falls well below the national average. The average American spends about 26 minutes on their one way commute to work each day. Lower travel times can increase overall happiness and allow for more time to be spent with family and friends. While living in Memphis, your commute times will be about average, with a one way commute time of 27 minutes.
Whether you’re relocating to a new town to be closer to family, friends or for a new job, living in Memphis could be a positive experience compared to other cities in Florida if you know where to search. Don't forget to determine what matters most to you in a neighborhood. Consider factors such as safety, proximity to work or school, access to amenities (like parks, fitness facilities, grocery stores, restaurants), public transportation options, community atmosphere and the overall vibe you're looking for. To help you find the best places to live in and around Memphis, AreaVibes has created a livability score using key metrics like cost of living, commute, education, employment and more.
Memphis, FL receives 63/100 for its livability score; this results in a ranking of #739 in Florida and #15,014 in the USA. For each of the livability categories, we see that Memphis ranks very well for cost of living (A+). The bad news for Memphis, there are some categories for which it does not score well, this includes: amenities (F) and education (F).
A robust real estate market serves as a crucial economic indicator, reflecting the local area's strength, stability and the confidence of its residents. Memphis excels in the housing sector, scoring high marks based on factors such as median home and rental prices, appreciation rates and home affordability. These calculations suggest that the apartment rental and real estate market in the region is exceptionally healthy, highlighting the area's economic vitality and attractiveness to potential homebuyers and renters.
There are many factors that go into deciding if an area is the right fit for your lifestyle. Certain “must haves” like low crime, great schools and nearby amenities are all at the top of most people's lists. But before even considering if those options are attainable, we'll need to know if the real estate in Memphis is actually affordable. The median home price for Memphis homes is $307,842, which is 2.8% higher than the Florida average. If we take a closer look at the affordability of homes in Memphis, we’ll see that the home price to income ratio is 3.6, which is 14.3% 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% |
Here are the best places to live in Florida
Check out the 10 most dangerous cities in Florida
Safest States In The US
Most Dangerous Cities In The US