Whether you’re searching for big flavors and authentic fried chicken or planning to become one of the many successful small business owners in the city, there’s a lot to love about Memphis! This is why we’ve put together some key information that will have you feeling like a local in no time!
Overview & History of Memphis
Situated on the bluffs overlooking the Mississippi River, Memphis didn’t actually become a town until 20 years after Tennessee was admitted into the Union. Its name actually translates to “a place of good abode.” During its early years, Memphis was mainly a place for river workers and those passing through on their way to the west. However, the economy picked up in the 40s thanks to the abundance of cotton in the local market.
Memphis has overcome a lot in order to bring locals the authenticity and true grit they desire, surviving the largest Yellow Fever outbreak in history, which served to be economically catastrophic. However, the economic downturn allowed for the creation of significant and notable institutions such as the NAACP in 1917, Church Park and Auditorium, and Solvent Savings Bank (the largest black-owned bank in the world) in 1921.
Home to the first blues song ever published in America, Memphis has come a long way and overcome so many obstacles. It is a city full of heart, and as a result can offer its local residents a myriad of culture, arts, music, and entertainment options.
Cost of Living in Memphis
Memphis has a desirably low cost of living, especially for the variety of its draws and benefits. From food to utilities to housing itself, Memphis comes in at 17% below the national average for cost of living. Housing is 34% below the national average, with the average home costing around $200,000 and the median rent being around $700, making it a great place for first-time homebuyers. Food and groceries are about 9% lower than the national average, and health care is ranked as 15% lower.
The Job Market in Memphis
Whether you are relocating for a current position or hoping to find something new, the job market plays in instrumental role in moving to a new city. Fortunately, Memphis is seeing new and innovative developments every single day. Businesses and investors regularly choose to invest in the city with new projects that are continually changing the landscape.
There are also several large companies that operate out of Memphis, spanning industries and sparking job creation in fields such as health care, retail, and office supplies. Notable companies with headquarters in Memphis include: AutoZone Inc., FedEx Corp., International Paper Co., and Wright Medical Group, Inc.
If you’re serious about making a move to Memphis, then it’s time to take a closer look at some of the popular neighborhoods in the area to figure out which could be the perfect fit for you!
- Midtown: This funky, artsy area is viewed by many as the city’s core. Home to hipsters, progressives, and artists of all creeds, Midtown is probably the most diverse neighborhood in Memphis. It’s also home to the infamous Overton Square and Overton Park, a 342-acre public park with tons to do. Midtown is a quirky collection of hip bars, restaurants, and entertainment with a little something for everyone!
- Cooper-Young: An iconic historic district, Cooper-Young is mostly residential and a great place for progressive families with children. There are several laid back pubs and casual eateries throughout the area, as well as local breweries, coffee shops, and a few gourmet icons.
- Crosstown: This up-and-coming arts district is home to both newcomers and locals who have been in the area for decades. With a mix of young professionals, artists, musicians, and lower-income families, people travel from all over the city to see shows at Hi Tone, and the neighborhood bar, Midtown Crossing, hosts a variety of art and comedy shows featuring local talent.
- Downtown: If you’re looking for the hustle and bustle of a city located along the Mississippi, you might be a good fit for downtown Memphis living. The area is mainly full of office workers milling around throughout the day, but in the evening it transforms into a lively entertainment district with a variety of restaurants and bars brimming with locals and tourists alike.
- Central Garden: As one of Memphis’ most popular historic districts, Central Garden offers access to a number of great dining options, historic architecture, good schools, and entertainment. Surrounded by a blend of natural and urban vibes, it’s a great place to raise a family, and its central location makes it convenient to reach other parts of the city with ease.
Entertainment & Culture
Memphis truly has no shortage of entertainment, art, and culture, from trendy and tasty restaurants to creative arts and music venues. Whether you’re searching for craft beers and cocktails, looking to wander through the South Main Arts District, interested in catching an indie flick at the Indie Memphis Film Festival, or interested in doing a little hiking and biking, there’s something for everyone to enjoy.
Moving to Memphis
Memphis has an unquestionable charm and offers locals numerous opportunities to grow professionally, socially, and personally. There’s certainly something for everyone to love! We hope this Memphis city guide has allowed you to get to know Memphis a little more – and perhaps you’re ready to make the move and become the next full-time Memphis resident!
Wherever you may be moving from, Black Tie Moving is ready to help make your move to Memphis an unforgettable VIP experience! We offer comprehensive concierge moving services and can even supply quality packing and supplies to make your transition super easy!
Thinking of moving to Memphis? Give our team of local, industry-leading movers a call today at (901) 646-7289 and get a FREE quote on your moving costs! We would love to help with your move from start to finish, and treat you like a rock star along the way!