HomeTennessee › Memphis

Memphis, Tennessee

city · Shelby County

At a glance

618,980
Population
$169,000
Median home value (all homes)
44% below U.S. median
$144,877
Typical market value
Zillow, 2026-07
$1,181/mo
Median rent
12% below U.S. median
$51,736
Median household income
34% below U.S. median
21.1 min
Average commute
87.5%
Homes with broadband
43.82%
Locations with fiber available
8.3%
Unemployment

Cost of living (Clay Affordability Index)

CAI 86 — 14% below the national average. how it's computed

Housing27% below
Goods & services4% below
Utilities23% above
Taxes50% below
Insurance17% below
Commute cost24% below
For business: Tennessee is CBII band 3/5 · time to build band 1/5. See state page for the breakdown.

Doing business here

Economic development contacts, most local first:

city Memphis Area Ch of Commerce
The Greater Memphis Chamber is the region's leading economic development organization and the 'Voice of Memphis Business,' focused on driving the Memphis business agenda for Greater Memphis and supporting regional job growth for its member companies.
city Memphis/Shelby County Economic Development
EDGE provides and coordinates public resources to drive economic development in Memphis and Shelby County through ongoing economic activities and projects that provide real value to the community and provide a strong foundation for future economic growth. EDGE is the economic development agency for the City of Memphis and Shelby County coordinating public resources to drive growth.
state America Electric Power Economic Development
AEP’s Economic Development pages describe site selection services and energy solutions to power business growth across its 11-state service area. The pages also provide contact information for investor relations and media relations.
state Four Lake Authority
The Tennessee Central Economic Authority is a regional economic development organization serving five counties in Middle Tennessee. Its mission is to recruit, retain, and expand advanced manufacturing job opportunities in the Macon, Smith, Sumner, Trousdale/Hartsville Metro, and Wilson counties region.
state Southeast Industrial Development Association
The Southeast Industrial Development Association is a regional economic development association providing site location services and financing to support site selection, expansions, and related opportunities across its SEIDA service area.
state Tennessee Dept. of Eco. & Community Dev.
The Tennessee Department of Economic and Community Development (TNECD) is the state agency that helps businesses large and small succeed in Tennessee. It recruits new businesses to the state, supports the growth of existing businesses and markets the state as a premier business destination.
state Tennessee Valley Authority Economic Development
TVA Economic Development offers programs and services designed to spark job creation, encourage investment, and boost wages across the seven-state Tennessee Valley region. We serve as a trusted partner, connector, and coach to communities and businesses seeking site selection and investment opportunities.
State sales taxYes
State income taxNone
Right-to-work stateYes

Similar towns nearby

West Memphis, AR 8 mi · pop 23,929 · $120k
Marion, AR 9 mi · pop 13,623 · $212k
Sunset, AR 10 mi · pop 153
Bartlett, TN 11 mi · pop 56,876 · $310k
Southaven, MS 11 mi · pop 56,226 · $236k