CitytisticsShortlist

Cost of living, pay and housing

27.54° N · 82.56° W · GEOID 1244175

Memphis

Manatee County, Florida · part of the North Port, FL metro

FloridaMemphis, FLMemphisMemphis

The short answer

Memphis is home to 9,185 people. Median household income is $74,839 a year and median rent is $1,173 a month, 18.8% of income (a ratio of two medians, not any one household's burden). Rent pressure is lighter than in most places. The median home is valued at $313,800, about 4.2x annual median household income.

The story in Memphis is how fast things are changing. Rent took 25.6% of the median income in the 2019 survey and 18.8% in 2024. In the 25 places most like it the share fell 0.6 points on average, so affordability held up better here. Also notable: Unemployment is 8.1%, against 4.7% in its closest peers.

8OF 100

CTXCitytistics Index

Weak

Memphis scores better than 8% of the 6,612 places we rate, and ranks 373rd of 474 in Florida.

How the CTX is built

Category ratings · 0 to 100, typical place 50

Affordability 20%52
Economy 20%28
Safety 20%n/a
Amenities 15%4
Education 10%27
Commute 10%39
Growth 5%n/a

Not rated: safety, growth, for want of data (the city police department does not report a full year to the FBI). The other weights are spread over the categories rated.

Median gross rent
$1,173
14% below the median place
Median household income
$74,839
7% below the median place
Median home value
$313,800
2% below the median place
Unemployment
8.1%
66% above the median place

Compared with the median of the 6,645 places we track. The bundle was checked 2026-11-14; each measure may refer to an older release.

What stands out about Memphis

  • GrowthCompared with the 25 places most like it in size, age, education, housing and region (such as Macclenny, FL, Auburn, GA and Unionville, NC), home value growth here is higher: 14.9% a year against a typical 9.7% a year.
  • GrowthCompared with the 25 places most like it in size, age, education, housing and region (such as Macclenny, FL, Auburn, GA and Unionville, NC), household income growth here is higher: 9.1% a year against a typical 4.8% a year.
01

Moving to Memphis

Manatee County gains about 28.7 residents per 1,000 a year to moves between counties.

Moved in31,897
Moved out22,278
Net+9,619

Where people come from and where they go, top counties

Within Florida, other states or abroad

Arrivals
Leavers
Within FloridaOther statesAbroad

Income per tax return

Arrivals$122K
Leavers$80K

People on tax returns who moved between counties, from IRS migration data, 2022 to 2023. Figures are for all of Manatee County; flows under 20 returns are not published.

Who moves here
4.3% of residents arrived from another county in the past year, 4.4% from another state.
Who arrives and who leaves
Households moving into Manatee County report $121,600 a year in income on average; those leaving, $80,300, so newcomers earn more than leavers.
Income you would need
$46,900 a year to rent the median home at the 30% line. From your city
Rent or buy
Median rent is $1,173 a month; owners with a mortgage pay $1,597 a month including taxes and insurance, on a median home of $313,800.
Getting to work
27 minutes each way on average; 6.5% work from home.
If it is close but not quite
St. Rose, LA matches it on character for less of your income. Compare the two
Moved here in the past year1
4.3%
26% below the median place
Net movers per 1,000 people7
28.7
above the median place (median -0.6)
Income of households moving in7
$121,577
72% above the median place
All 5 moving measures
MeasureMemphisAmong 6,645 placesVs median
Moved here in the past year14.3%26% below
Moved from another state1County figure4.4%121% above
Net movers per 1,000 people7County figure28.7above (median -0.6)
Income of households moving in7County figure$121,57772% above
Income of households moving out7County figure$80,29014% above
02

What it costs to live here

Rent is about 29% lower than we would expect for a place with these incomes, education levels, housing age and household types in the same metro area. That can mean good value, or drawbacks these figures do not capture, such as crime, schools or location.

Memphis18.8%
Typical place20.4%

Share of the median household income that goes to the median rent. Above 30% is the usual stress line.

Income needed to rent
$46,920
a year, at the 30% line
Rent to income
18.8%
8% below the median place
Home price to income
4.2x
10% above the median place

Could you afford it?

The median rent would take
19%
comfortably under the 30% line
Left after rent, in US prices
$62,700
a year
Vs the typical household here
Same
as the median household

Uses the median rent in Memphis, $1,173 a month, and local prices for everything else (97.2 against a US average of 100). It runs in your browser and stores nothing.

Like Memphis, but easier on the budget

Places that match Memphis on character (size, age, education, homeownership, household size, housing age, remote work and climate) but where rent takes a clearly smaller share of income. Cost was left out of the match on purpose.

PlaceMatchRent to incomeMore left a year
St. Rose, LA9613.9% vs 18.8%$5,400Compare
Headland, AL9212.5% vs 18.8%$13,200Compare
Deer Park, TX9015.8% vs 18.8%$24,300Compare
Hartselle, AL9012.6% vs 18.8%$9,000Compare

Moving from somewhere else? Work out the salary you would need in Memphis.

Sponsored · exampleMoving to Memphis? Compare quotes from licensed movers. No partner is signed yet. Sponsored offers are always labelled and never change the data.
Vacant homes1
23.3%
230% above the median place
Renters paying 30%+1
65.3%
29% above the median place
Property tax rate1
0.6%
35% below the median place
All 16 cost and housing measures
MeasureMemphisAmong 6,645 placesVs median
Median gross rent1$1,17314% below
Rent to income118.8%8% below
Property tax rate10.6%35% below
Home price to income14.2x10% above
Prices vs US average2Metro figure102.42% above
Fair market rent, 2 bedrooms3County figure$2,18835% above
HUD area median income4County figure$109,7002% above
Property tax paid (median)1$1,83944% below
Median home value1$313,8002% below
Home prices, 1-year change5County figure-3.0%below (median 3.2%)
Home prices, 5-year change5County figure65.6%27% above
Homeownership181.2%22% above
Renters paying 30%+165.3%29% above
Owner costs with a mortgage1$1,59715% below
Vacant homes123.3%230% above
Median year built119870% above
03

Work and pay

Commutes by transit is 0.0%, below the median place (median 0.8%).

Commutes by transit1
0.0%
below the median place (median 0.8%)
Unemployment1
8.1%
66% above the median place
Works from home1
6.5%
48% below the median place

More on work and pay, against the typical place

Poverty rate14.2% +32%
Income per person$35,148 −12%
Mean commute27 min +8%
Median household income$74,839 −7%
All 10 work and pay measures
MeasureMemphisAmong 6,645 placesVs median
Median household income1$74,8397% below
Income per person1$35,14812% below
Unemployment18.1%66% above
Average annual pay6County figure$63,5114% below
Pay growth, 1 year6County figure4.4%19% above
Jobs6County figure146,0073% below
Poverty rate114.2%32% above
Mean commute127 min8% above
Works from home16.5%48% below
Commutes by transit10.0%below (median 0.8%)
04

Who lives here

No health insurance is 12.4%, 94% above the median place.

No health insurance1
12.4%
94% above the median place
Homes with broadband1
86.9%
6% below the median place
High school or higher1
85.0%
8% below the median place

More about who lives here, against the typical place

Household size2.9 +15%
Born abroad16.0% +81%
Bachelor's or higher22.5% −30%
Median age36.7 −6%
All 8 people measures
MeasureMemphisAmong 6,645 placesVs median
Population19,1854413th largest
Median age136.76% below
Bachelor's or higher122.5%30% below
High school or higher185.0%8% below
Household size12.915% above
Born abroad116.0%81% above
No health insurance112.4%94% above
Homes with broadband186.9%6% below
05

Life in Memphis

The nearest National Park Service site is De Soto National Memorial, about 5 miles away.

33 sites are on the National Register of Historic Places. Its history on Wikipedia

Out the door, against the typical place

Parks per 10k residents2.2 −79%
Playgrounds per 10k0.0 −100%
Grocery stores per 10k0.0 −100%
Restaurants, cafes and bars per 10k2.2 −80%
Libraries per 10k0.0 −100%
Named paths and bike trails0 km −100%
Bus and rail stops per sq mi0.0 −100%

Mapped by volunteers in OpenStreetMap inside the city limits (Census boundaries), so coverage is fuller in some places than others. Map data © OpenStreetMap contributors, ODbL.

National Park Service sites nearby

  • De Soto National Memorial 5 miles
  • Canaveral National Seashore 138 miles
  • Big Cypress National Preserve 142 miles

Businesses per 10,000 residents (county figures)

Restaurants and bars17.4 −16%
Shops32.4 +7%
Arts, recreation and fitness4.3 +5%
Doctors' offices and clinics21.4 +6%
Child care centers2.1 −9%

Counts businesses with paid staff, so small owner-run shops are not included.

Nearest National Park Service site10
5.3
83% below the median place
Public school students12
54,208
above the median place (median 4,897)
Public schools12
83
above the median place (median 9)
All 18 schools and local life measures
MeasureMemphisAmong 6,645 placesVs median
Public schools12County figure83above (median 9)
Public school students12County figure54,208above (median 4,897)
Students per teacher12County figure17.614% above
Restaurants and bars per 10k8County figure17.416% below
Shops per 10k8County figure32.47% above
Arts, recreation and fitness per 10k8County figure4.35% above
Doctors' offices and clinics per 10k8County figure21.46% above
Child care centers per 10k8County figure2.19% below
Parks per 10k92.279% below
Playgrounds per 10k90.0below (median 9.4)
Grocery stores per 10k90.0below (median 2.1)
Restaurants, cafes and bars per 10k92.280% below
Libraries per 10k90.0below (median 0.9)
Named paths and bike trails90.0below (median 2.0)
Transit stops per sq mi90.0below (median 0.2)
Nearest National Park Service site105.383% below
National Park Service sites within 60 miles10150% below
National Register listings11County figure33154% above
06

Safety, weather and risk

January average low is 50°F, 99% above the median place.

No crime figure yet. Either the city police department did not report to the FBI for the latest year, or our monthly fetch has not reached Memphis. Larger places are fetched first.

January average low13
50°F
99% above the median place
Average temperature13
73°F
33% above the median place
Hurricane risk14
99.3
41% above the median place
All 11 weather and risk measures
MeasureMemphisAmong 6,645 placesVs median
July average high13County figure91°F5% above
January average low13County figure50°F99% above
Average temperature13County figure73°F33% above
Annual precipitation13County figure54.1 in24% above
Natural hazard risk14County figure97.56% above
Hurricane risk14County figure99.341% above
Tornado risk14County figure98.020% above
Wildfire risk14County figure90.548% above
Heat wave risk14County figure88.91% below
Median air quality index15County figure3616% below
Good air days15County figure91.0%33% above
08

Memphis in 2030: where the trends point

If recent trends hold, the median rent will take about 18% of the median income in 2030, about the same as 19% now.

Citytistics projections to 2030: each figure's own trend, blended with the typical trend across the places we rate, eased toward long-run US growth and carried forward from the latest release. The range is where 80% of places landed when we tested the same method on past releases. On projected 2030 affordability, Memphis does better than 51% of places. Its projected home value growth beats 98%.

MeasureLatest2030 projectionLikely rangeAvg. per year
Median rent$1,173/mo (2024)$1,490/mo$1,220 to $1,810/mo+4.0%
Median household income$74,839 (2024)$96,500$81,500 to $114,500+4.4%
Median home value$313,800 (2024)$483,000$351,000 to $665,000+7.4%

The median home would be worth 5.0 years of the median income in 2030, against 4.2 now.

A projection of recent trends, not a prediction of the economy or advice to buy or sell. How we project.

09

Places like Memphis

The closest matches on income, rent, home value, education and age, and the places nearby.

PlaceRentIncome
Pawtucket, RI$1,208$68,310Compare
Fitchburg, MA$1,222$73,040Compare
Evergreen, MT$1,166$76,446Compare
Berwyn, IL$1,215$78,408Compare
Berwyn, ILEvergreen, MTFitchburg, MAPawtucket, RIMemphis, FLMemphisFitchburgEvergreenBerwynMemphisFitchburgEvergreenBerwyn

Places built like Memphis

Its statistical peers: the closest matches on size, age, education, homeownership, household size, housing age, origin and remote work, in the same part of the country. Cost and outcomes are left out of the match, so the table shows how Memphis performs against places like it.

PlaceRent to incomeIncome growthPop. change
Memphis, FL18.8%9.1%/yrn/a
Macclenny, FL22.5%4.0%/yr12.9%Compare
Auburn, GA20.7%6.2%/yr34.8%Compare
Unionville, NC12.2%3.7%/yr10.4%Compare
Sangaree, SC21.9%4.6%/yrn/aCompare
Kathleen, FL26.2%3.6%/yrn/aCompare
San Carlos Park, FL23.9%6.8%/yrn/aCompare

Common questions

Is Memphis a good place to live?

It depends on what you need, so here is what the numbers say. Its Citytistics Index is 8 out of 100, better than 8% of the places we rate and 373rd of 474 in Florida. Compared with the 25 places most like it in size, age, education, housing and region (such as Macclenny, FL, Auburn, GA and Unionville, NC), home value growth here is higher: 14.9% a year against a typical 9.7% a year. Compared with the 25 places most like it in size, age, education, housing and region (such as Macclenny, FL, Auburn, GA and Unionville, NC), household income growth here is higher: 9.1% a year against a typical 4.8% a year. On cost, space and class size it scores 72 out of 100 for families. See how it ranks with your own weights.

Is Memphis expensive to live in?

The median rent takes 18.8% of the median household income, against 20.4% in the typical place we track. Housing is a lighter load here than usual. The median home is valued at $313,800.

What salary do you need to live in Memphis?

To rent the median home without spending more than 30% of income on rent, a household needs about $46,920 a year. Work it out from your current city.

What places are similar to Memphis?

On income, rent, home value, education and age, the closest matches are Pawtucket, RI, Fitchburg, MA, Evergreen, MT and Berwyn, IL.

Sources and methods

The small numbers beside each measure point here. Every dataset is public; links go to the publisher.

  1. American Community Survey 5-year estimates · US Census Bureau · 2020 to 2024 estimatesTables B01002, B01003, B05002, B07003, B08013, B08301, B15003, B17001, B19013, B19301, B23025, B25002, B25003, B25010, B25035, B25064, B25070, B25077, B25088, B25103, B28002, S2701
  2. Regional Price Parities · US Bureau of Economic Analysis · Latest release, retrieved 2026-11-14
  3. Fair Market Rents · US Department of Housing and Urban Development · Fiscal year 2027
  4. Income Limits · US Department of Housing and Urban Development · Fiscal year 2026
  5. House Price Index · Federal Housing Finance Agency · Latest release, retrieved 2026-11-14
  6. Quarterly Census of Employment and Wages · US Bureau of Labor Statistics · 2025 annual averages
  7. SOI Tax Stats, county-to-county migration · Internal Revenue Service · Tax years 2022 to 2023Counts tax returns and the people on them; flows under 20 returns are suppressed.
  8. County Business Patterns · US Census Bureau · 2023 data
  9. OpenStreetMap · © OpenStreetMap contributors, available under the Open Database License (ODbL) · Map data as of 2026-11
  10. National Park Service sites · Wikidata (CC0), units operated by the National Park Service · Retrieved 2026-11
  11. National Register of Historic Places · National Park Service · Listings through 2026-05-22
  12. Common Core of Data · National Center for Education Statistics · 2024 release
  13. 1991-2020 climate normals · NOAA National Centers for Environmental Information · Series updated 2026-11-05Averages for 1991 to 2020 computed from NOAA's county climate series (nClimDiv).nClimDiv county series
  14. National Risk Index · Federal Emergency Management Agency · Latest release, retrieved 2026-11-14NRI data and maps
  15. Air Quality System, annual AQI by county · US Environmental Protection Agency · 2025 dataAirData download files

Derived by Citytistics from the tables above: rent to income (B25064, B19013); property tax rate (B25103, B25077); home price to income (B25077, B19013).

What stands out compares Memphis with places of a similar size, using only figures measured for Memphis itself; county and metro figures never count. Survey figures are estimates with margins of error. Formulas and definitions: methodology. API: /api/v1/places/memphis-florida

Citytistics. “Memphis, Florida.” Data as of 2026-11-14. https://www.citytistics.com/city/memphis-florida/

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.