Memphis, Tennessee Overview Located on the Mississippi River in the southwestern corner of Tennessee, Memphis, TN is ...
Memphis, Tennessee Overview
Located on the Mississippi River in the southwestern corner of Tennessee, Memphis, TN is home to over 655,155 people as well as the University of Memphis, an international airport, and Graceland, which was declared the Best Iconic American Attraction by USA Today. The city, which was incorporated in 1826, has a rich history, and one of its saddest events was the 1968 assassination of Dr. Martin Luther King, Jr. at what was formerly the Lorraine Motel. The site is now the location of the National Civil Rights Museum, which is one of the most visited museums in Memphis.
The cost of living in Memphis, TN is approximately 3.7 percent cheaper than what the national average is. In fact, Forbes has rated Memphis as one of America's most affordable cities. The costs of utilities, gas, food, medical expenses, and transportation in Memphis were factored into the rating. The median household income in Memphis is $43,940, and the median price for a house in Memphis is $127,300.
Memphis Job Opportunities
With its prime location on the Mississippi River and by two interstate highways, Memphis has strong shipping and transportation industries. Several educational institutions, health care facilities and leading companies have operations providing Memphis jobs. It also hosts FedEx, International Paper and AutoZone; all three are Fortune 500 companies. There are also plenty of education jobs in Memphis, Tennessee.
Not surprisingly considering its ties to Elvis Presley and other entertainment legends through the years, Memphis has recently started to have an entertainment industry boom. Several motion pictures have been filmed locally and have consequently provided several Memphis, TN jobs. Those films include "The Grace Card," "Walk the Line" and "Black Snake Moan."
In addition to the film production companies, other corporations that provide many jobs in Memphis include Cargill Cotton, Allenberg Cotton, Baker, First Horizon National Corporation, True Temper Sports and Lenny's Sub Shop. Also, the Memphis International Airport is the busiest cargo airport in the country and the second busiest one in the world. It is the source of many jobs in Memphis, TN. If you don't find a job in Memphis, consider nearby Bartlett jobs, as well.
Memphis Employment Trends
As of July 2014, Memphis had an unemployment rate of 10 percent. That's above the Tennessee unemployment rate average of 7.8 percent, as well as the national average of 6.3 percent. There was a 0.6 percent job growth rate in 2013, and it's expected to grow at a projected annual rate of 2 percent. Memphis ranks 171st on Forbes' list of the best places for job growth and 46th in the cost of doing business. Memphis jobs are waiting for you, so search today!