New Development
Opus East Memphis
1029 Cherry Road, Memphis , TN 38117Assisted LivingMemory CareIndependent LivingNo description available
(0)
$4,385
/moThe 1 Best Memory Care Facilities in Memphis, TN
1 communities near Memphis, Tennessee
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Table of contents
Cost of memory care in Memphis area
According to Seniorly’s 2023-2024 pricing data, families are paying an average of $5,394 per month for memory care communities in Memphis. The national average for memory care costs in 2023 was $6,348. Overall, memory care costs in Memphis are 15% lower than the national average.
Compare average cost of memory care in Memphis, TN with county, state and national averages
Compare average cost of memory care in Memphis, TN with nearby cities
The figures below show the average monthly starting costs for Memory Care of nearby cities. Keep in mind that these figures are an average, and that the numbers used to calculate it spanned a wide range. In fact, Seniorly data suggests that most families will underestimate their monthly budget by almost 20%, meaning that once inclusions and services are factored in, they can actually afford more than they originally thought.
$4,679/mo
Southaven
$4,744/mo
Collierville
$4,798/mo
Cordova
$6,475/mo
Germantown
$5,390/mo
Covington
Cost of care trends and insights for Memphis, TN
How are Memory Care costs Memphis this year?
Memory Care prices have fallen an average of 9.68% a year since last year. Below is the median cost each year and its percent decrease, according to our proprietary data. On average, memory care in Memphis, TN is $5,394/mo.
Montly median cost for memory care, 1 bedroom: Memphis, TN (2023)
$5,394
-9.68% year over year
See more on Seniorly
Get to know memory care in Memphis, TN
13
Number of memory care communities in Memphis, TN
18
Number of memory care communities in Shelby County
Average Seniorly Community Score in Memphis, TN
8.2
Excellent
Seniorly Community Score
What is Seniorly Community Score?
The Seniorly Community Score is a comprehensive and unbiased rating system that takes into account multiple factors crucial to senior living quality. We've meticulously analyzed thousands of senior living communities across the country to create an innovative and accurate assessment of each community's strengths and offerings. The Seniorly Community Score employs a user-friendly scale from 1 to 10, with 10 signifying an exceptional senior living community and 1 representing the lower end of quality, ensuring an easy-to-understand and transparent evaluation for families.
Compare average Seniorly Community Score of memory care communities by city
Average Seniorly Community Score by city
8.9
Southaven
1 memory care communities
7.7
Collierville
1 memory care communities
8.9
Cordova
2 memory care communities
9.4
Germantown
2 memory care communities
8.9
Covington
1 memory care communities
Get to know Memphis area
Demographics
Total population: 651,932
31% of population is 50+ years old, 13% is 65+ years old
Median income: $48,562
The poverty rate is 11% higher for this region compared to the Tennessee state average, which is 14%
Diversity
64% of population identify themselves as Black, 2% as Asian, 7% as Hispanic, and 29% as White
Neighborhood
Average housing cost: $970 per month
Nearby access to 1 grocery store and farmers market
Nearby access to 1 park
Crime rate: 617 crimes per 10,000 people
Health
Life expectancy: 74 years old
Preventable hospitalizations: 48.3 per 1,000 patients
Regional air quality: 5.3 unhealthy air quality days per year
Drinking water quality: 0% of people are exposed to violations
Explore other types of communities in Memphis, Tennessee
Nursing Homes
For seniors with more serious medical needs who require skilled care following a hospitalization, illness, or surgery. Nursing Homes are also known as skilled nursing facilities.
Assisted Living
For seniors who need some help with daily activities and want a supportive community that’s active, social, and engaging.
Independent Living
For active older adults who want to downsize to a home in a retirement community but don’t need help to live independently.
Compare Memphis area average monthly costs for Memory Care
| Compare memory care cost to nearby cities | Average monthly cost |
|---|---|
| Memphis | $4,402 |
| West Memphis | $4,496 |
| Southaven | $3,952 |
| Germantown | $4,657 |
| Cordova | $4,557 |
| Collierville | $4,953 |
| Covington | $4,986 |
| Ripley | $4,826 |
| Blytheville | $4,709 |
| Jonesboro | $4,028 |
| Oxford | $3,773 |
Helpful Resources
How To Evaluate Memory Care CommunitiesHow Much Does Memory Care Cost?
18 Tips for Moving Someone with Dementia: What You Need to Know
Memory Care: Your Definitive Guide for 2023
Managing Your Parents' Finances
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