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So Basically Memphis' Birth Rate exceeds the National average. Lot of People making love there so there will always be a large workforce, to offset the people leaving
And Also Memphis is growing faster than the national average in the Manufacturing, Logistics, Entertainment, and Healthcare Industries, But Lags the US average in other Industries and as a Whole
And Also the Sights and Sounds of Cranes and New Construction, Encourages even more Construction
Last edited by BlueRedTide; 01-17-2020 at 06:27 PM..
One of the bright spots for Metro Memphis is DeSoto County, Mississippi.
DeSoto County is a bit higher than the national average in median income and is doing quite well in terms of safety, schools, interstate and road systems, and job growth. DeSoto is a straight shot up I-55 to downtown Memphis and to the airport. Many people build homes on multi-acre, wooded lots rather than in subdivisions; there is lots of open space.
They are starting to develop more cultural venues, in terms of shopping, restaurants, galleries, and music venues. This will be the next level. I would love to see this area in another 30 years because by then they will have crossed over from a prosperous, solid middle class area to a substantially affluent area (averaging well north of $100k median income), and the population probably will be between 300-400,000 people by then. Memphis metro will have DeSoto as a significant draw for considering the Memphis area.
One of the bright spots for Metro Memphis is DeSoto County, Mississippi.
DeSoto County is a bit higher than the national average in median income and is doing quite well in terms of safety, schools, interstate and road systems, and job growth. DeSoto is a straight shot up I-55 to downtown Memphis and to the airport. Many people build homes on multi-acre, wooded lots rather than in subdivisions; there is lots of open space.
They are starting to develop more cultural venues, in terms of shopping, restaurants, galleries, and music venues. This will be the next level. I would love to see this area in another 30 years because by then they will have crossed over from a prosperous, solid middle class area to a substantially affluent area (averaging well north of $100k median income), and the population probably will be between 300-400,000 people by then. Memphis metro will have DeSoto as a significant draw for considering the Memphis area.
I think eastern Shelby County (Germantown, Collierville, Arlington, Lakeland, etc.) is unlikely to be displaced as metro Memphis' premier suburban area by DeSoto County. Because of the presence of lower income urban areas Shelby as a whole is not quite as well off, but there are large contiguous sections of the county more than equivalent to DeSoto in population that are very prosperous. Eastern Shelby also has much more office and higher end retail development already, whereas DeSoto is mostly a midscale bedroom community.
If you rank Memphis with the cities listed with the most popular polling choice, here's my take--based on downtown livability, nice city neighborhoods, overall economy, cultural options, entertainment/bars/restaurant options:
These cities are all pretty close, with the exception of New Orleans, which is a strong #1 here.
6 Birmingham
5 Louisville
4 Oklahoma City
3 Memphis
2 Jacksonville
1 New Orleans
Memphis is in the same league as New Orleans, 1 league above Birmingham, and 1 league below Jacksonville.
Overall, I think all of these cities are in the same tier with Jacksonville at the top and Birmingham, as the smallest, on the bottom. But it could also be argued that Jacksonville is pulling away from the rest.
I saw where Dun and Bradstreet moved its headquarters from New Jersey to Jacksonville. I'm fascinated as to how they made that decision. Was the CEO just wanting to move to Ponte Vedra to play golf or else how why Jacksonville?
I read that Jacksonville was one of the fastest growing areas last year according to Forbes, apparently in part because of a booming banking and finance sector in Jacksonville. Why is that I wonder. Maybe their port is booming, similar to Charleston? In any event, the article said that millennials are flowing to Jacksonville. They've got a beautiful river and nice beaches, what's not to love.
With Memphis, as far as I know the most notable businesses are Fed Ex and St. Jude. Also Ford is building their electric vehicle plant about 30 minutes outside the Memphis suburbs in West Tennessee. Perhaps when the time is right in the national economy, these sectors will start to take off.
Memphis would easily outrank New Orleans, Chattanooga, Knoxville, Jackson MS, Columbus GA and Birmingham.
Memphis would only easily outrank the MSAs under 1M (Chattanooga, Knoxville, Jackson, Columbus). Birmingham and especially New Orleans are much more competitive with Memphis overall.
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Probably on par with Little Rock, Jacksonville, Louisville, and OKC.
All except Little Rock. Knoxville is closer to Memphis's tier than Little Rock is.
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