There are 10 residential care homes in Memphis, Tennessee. The average daily cost of senior residential care in Tennessee is $87, with costs ranging between $32 and $140 per day. On a per month basis, this equates to a mean cost of $2,599, with costs ranging from about $975 to $4,200. The average annual cost is $31,185, which is under the national average of $31,500.
The cost for residential care in Memphis ranges from around $750 per month up to $5,346 per month. The average cost is around $2,783 per month, or about $33,390 per year.
Located within Shelby County, Memphis is a large city in Tennessee. It is the biggest city in the state. Though the city is home to 697,385 people, the encompassing metropolitan area contains a populace of 817,709. 21% of the residents are over 55.
Memphis has an above average SeniorScore™ of 70. The median housing price in the city is $64,500, which is significantly less than the state average of $163,500. Memphis also has a high unemployment rate of about 13.22%. The city's median household income is $41,000 ($22,000 per person), compared to an average of $39,000 for the whole of Tennessee.
Memphis has ideal average temperatures, with very mild winters and temperate summers. The area receives very high levels of precipitation each year. In relation to other American cities, Memphis has a very high crime rate and poor air quality.