← All places
South Central

Memphis, Tennessee

Soul, history, and the lowest cost on this list

77overall

No state income tax and the most affordable major city here, with deep musical and civil-rights heritage and a majority-Black population.

Cost of living
86 / 100
100 = US avg
Median home
$185k
Black population
64%
To airport
20 min
Memphis (MEM)

Taxes & affordability

Tennessee has no state income tax — all retirement income is untaxed. Low property taxes.

Climate & risk

Hot humid summers, mild winters; occasional severe storms.

Healthcare & hospitals

Methodist Le Bonheur and Regional One anchor care; St. Jude is here. Nashville's Vanderbilt is within reach.

Safety & civil-rights laws

Statewide protections are limited; pick neighborhoods carefully and use federal fair-housing law.

Black community & culture

Majority-Black city, the National Civil Rights Museum, LeMoyne-Owen College (HBCU), and unmatched music and food culture.

Housing options

The lowest-cost market on the list — you can buy a modest home or manufactured home outright with a sale of property elsewhere.

Buy from
$185k
median home
Rent / mo
$1,100
modest 1–2 bd
55+ / mo
$2,500
community living
Senior apartments55+ communitiesManufactured-home parksAffordable condos

Now make the numbers work

Learn how to calculate what you need, protect your benefits, and bridge to Medicare.

Read the guides →