Is Memphis, FL a Good Place to Live?
Memphis is a small city of 10,923 in Florida, with a median household income of $70,049 and a 8.1% unemployment rate. Its cost of living index is 104 (US average = 100), which is 4% above the national average.
Strengths: Memphis's profile is close to national averages across most measures.
Trade-offs: Potential downsides include an elevated unemployment rate. Whether Memphis is right for you depends on your priorities — the full breakdown is below.
All Memphis city data on this page comes from official government sources — the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 103.6Memphis's overall cost of living index is 103.6, where 100 represents the US national average. Living in Memphis costs roughly 4% more than the average American city.
| Metric | Memphis, FL | National Avg |
|---|---|---|
| Median Home Value | $268,700 | $244,900 |
| Median Monthly Rent | $1,135 | $1,163 |
| Homeownership Rate | 71.4% | 65.9% |
| Median Household Income | $70,049 | $74,755 |
Crime & Safety
Crime data for Memphis is not currently available from the FBI's Uniform Crime Reporting program. Not all local agencies report to the UCR each year.
Schools & Education
| Metric | Memphis, FL | National Avg |
|---|---|---|
| School District | N/A | — |
| Elementary Schools | N/A | — |
| Middle Schools | N/A | — |
| High Schools | N/A | — |
| Student/Teacher Ratio | N/A | 16:1 |
| Bachelor's Degree or Higher | 20.6% | 35.4% |
| High School Diploma or Higher | 88.5% | 91.1% |
Weather & Climate
Memphis sees average highs of 72.0°F in January and 92.0°F in July, with 56.3 inches of annual precipitation .
| Metric | Memphis, FL |
|---|---|
| Average High — January | 72.0°F |
| Average High — July | 92.0°F |
| Annual Precipitation | 56.3" |
| Annual Snowfall | Trace / None |
Demographics
| Metric | Memphis, FL | National Avg |
|---|---|---|
| Population | 10,923 | — |
| Median Age | 35.7 | 38.9 |
| Unemployment Rate | 8.1% | 3.7% |
| Avg Commute Time | 28.7 min | 26 min |
| White (non-Hispanic) | 47.8% | 59.3% |
| Black or African American | 33.6% | 13.6% |
| Hispanic or Latino | 14.1% | 18.9% |
| Asian | 0.6% | 6.3% |
| Under 18 | 25.3% | 22.2% |
| 65 and over | 12.5% | 16.8% |