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Memphis, Tennessee Retirement Guide
established retirement community
57
Retirement Score
Memphis, Tennessee at a Glance
- Median Home Price
- $173,400
- State Income Tax
- No state income tax; Social Security and pension income fully exempt.
- Avg January Low
- 31°F
- Cost of Living Index
- 91.8 (US avg = 100)
- Best For
- established retirement community
- RetireCityIQ Score
- 57 / 100
Things to Consider
- limited healthcare options
Retirement Data
Affordability
Cost of Living Index
91.8 (U.S. avg = 100)Medium confidence
BEA Regional Price Parities · Updated March 2026
Median Home Price
$173,400High confidence
U.S. Census ACS 1-Year · Updated April 2026
Median Monthly Rent
$1,098High confidence
U.S. Census ACS 1-Year · Updated April 2026
Taxes
Retirement Tax Score
100 / 100Medium confidence
Tax Foundation · Updated March 2026
Tax Details
No state income tax; Social Security and pension income fully exempt.Medium confidence
Tax Foundation · Updated March 2026
Retiree Readiness (Sprint 2)
Care Access Score (proxy)
22.4 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Aging-in-Place Score (proxy)
7.8 / 100High confidence
RetireCityIQ proxy model · Updated April 2026
Healthcare
Healthcare Access Score
22.4 / 100Medium confidence
CMS Hospital General Information · Updated March 2026
Climate
Avg July High
92°FMedium confidence
NOAA Climate Normals 1991-2020 · Updated March 2026
Avg January Low
31°FMedium confidence
NOAA Climate Normals 1991-2020 · Updated March 2026
Annual Precipitation
53"Medium confidence
NOAA Climate Normals 1991-2020 · Updated March 2026
Sunny Days / Year
213 daysMedium confidence
NOAA Climate Normals 1991-2020 · Updated March 2026
Safety
Safety Score
0 / 100Medium confidence
FBI Crime Data Explorer · Updated March 2026
Walkability
Walk Score (proxy)
16.3 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Transit Score (proxy)
3.1 / 100Medium confidence
U.S. Census ACS 5-Year (B08301) · Updated March 2026
Demographics
Population
630,027High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Age
34.5High confidence
U.S. Census ACS 5-Year · Updated April 2026
Age 65+
14.0%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Median Household Income
$48,090High confidence
U.S. Census ACS 5-Year · Updated April 2026
Community Profile
Owner-Occupied Housing
46.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Veterans
5.8%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Bachelor's Degree+
27.9%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Poverty Rate
23.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Diversity
White
26.5%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Black
64.4%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Hispanic/Latino
8.0%High confidence
U.S. Census ACS 5-Year · Updated April 2026
Asian
1.6%High confidence
U.S. Census ACS 5-Year · Updated April 2026
10-Year Housing Stress Test (Estimate)
Estimate monthly homeowner carrying cost in Memphis using median home price and adjustable assumptions. Stress case applies +10% property tax, +20% insurance, +10% maintenance.
Estimated monthly carrying cost
$376
Stress-case monthly carrying cost
$422
Median home price used: $173,400
Median rent reference: $1,098 / month
Estimate includes property tax, insurance, maintenance reserve, and HOA. It excludes mortgage, utilities, and one-time transaction costs.