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Memphis outperforms Atlanta by -22 points on the opportunity index, highlighting why the city commands premium rents.
Comprehensive Market Data
Best Retail Store Location in Memphis
Memphis's $48K income demographic and 68/100 foot traffic align with retail store requirements: $120,000 capital, 12-24 months profitability horizon.
Retail Store in Memphis: $120K startup. $48K local income. 2.5x ratio.
69/100 opportunity score
1,348,000 metro residents
$48,000 average income
48/100 launch timing score
Moderate - Strategic Entry
628K
Market Population
$48K
Avg Income
Moderate
Commercial Activity
5
Core Sectors
Interactive Location Finder
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Retail Store Finder
Memphis, United States
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✓ Competitor map
✓ Foot traffic data
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Competitor Locations
Opportunity Zones
High Traffic Areas
1,348,000 potential customers in metro area
500+ businesses helped
Real-time market data
AI-powered recommendations
Market Analysis
Retail Store Opportunity Score: Memphis
Competitive dynamics unique to Memphis
69
/ 100
Market Opportunity
Based on 7 comprehensive market factors
Moderate Opportunity
Financial Overview
Average Startup Cost
$120,000
Industry Success Rate
32%
Expected ROI Timeline
12-24 months
Customer Draw Radius
2,000m
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Unique Market Intelligence
Retail Store Market in Memphis
comprehensive market assessment
Market Position
Memphis positioning
Retail Store in Memphis: $120K startup. $48K local income. 2.5x ratio.
Real estate: $20 per sqft, pedestrian index 68/100, projecting $20,000 monthly occupancy cost.
Market scale: 1.3M population × $48K income = $65B consumer spending power.
Market dynamics: moderate saturation, high expansion, 2.5x capital requirement.
Viability assessment: 2.5x capital needs, 68/100 exposure, $20/sqft overhead yields 78/100 score.
Memphis runs on Logistics and Healthcare, supporting $48K earners.
Steady 2.5% growth with moderate competition indicates mature market conditions.
$120K startup. 30 local income-months to break even.
Competitive Position
National ranking for retail stores
Score: 69.2/100. 1.3M people. $48K income.
Retail Store costs $120K to open. Income ratio: 0.40x.
Traffic: 68. Rent: $20/sqft. Income: $48K.
High growth. Moderate competition. Score: 69.2.
1.3M metro. $20/sqft rent. 68 foot traffic.
$120K startup. $20,000/mo rent. 30 income-months to recoup.
Score 69.2. Average conditions. Execution decides success.
$64.7B total income across 1.3M people.
Strategic Recommendations
Actionable strategies tailored for Memphis
High growth. Moderate competition. Plan accordingly.
Traffic: 68. Rent: $20/sqft. $20,000/mo for 1000 sqft.
$48K income. Value positioning needed. Volume matters.
Retail Store: $120K to open. 30 income-months to recoup.
Traffic 68. Balanced. Mix storefront and digital.
1.3M metro. Focus on one location first.
$240,000/yr rent. 500.0% of local income. Factor that in.
High growth absorbs Moderate competition. Worth entering.
Launch Timing & Momentum
Align your opening window with market-ready signals
Entry Signal
Moderate - Strategic Entry
With moderate saturation, Memphis rewards operators who execute fundamentals exceptionally well. Invest in staff training, consistent quality, and local community engagement over the next 6-12 months to build sustainable advantage.
Timing score: 48/100
- 📈 High growth outlook - strong expansion timing
- ⚖️ Moderate competition - balanced market entry
Seasonal Levers
- Holiday shopping
- Back-to-school
- Seasonal merchandise
National Benchmarks
How Memphis dominates
scaled across 1.3M consumers
Household earnings of $48,000 in Memphis represent a 19% premium versus the $40,492 market average.
Operating costs at $20/sqft represent a 39% savings compared to $33/sqft typical rates.
The 68/100 pedestrian score represents 14% weaker organic discovery versus market baseline (79/100).
Memphis's 1.3M metro area is 65% smaller than typical (3.8M), offering focused market dynamics.
Retail Store Market Analysis for Memphis
Why Memphis for Retail Stores?
- Metro population of 1,348,000 provides large customer base
- Average income of $48,000 supports retail store spending
- Moderate business density indicates healthy economic activity
- Strong foot traffic opportunities throughout the city
- Strong demographics opportunities throughout the city
Retail Store Success Factors
Foot traffic
Essential
Demographics
Essential
Anchor stores
Essential
Parking
Essential
Competition
Essential
Shopping patterns
Essential
Seasonal Considerations for Memphis
Holiday shopping
Back-to-school
Seasonal merchandise
Best Neighborhoods in Memphis
From downtown to suburban: Memphis's opportunity spread
Downtown Memphis
High Potential
Highest foot traffic in city
Premium pricing potential
Diverse customer base
Business District
Strong Weekday
Office worker demographics
Peak lunch & after-work hours
Catering opportunities
Suburban Areas
Growth Area
Family-oriented demographics
Lower competition density
Ample parking available
Memphis vs Other United States Cities for Retail Stores
| City | Population | Avg Income | Market Score | Action |
|---|---|---|---|---|
| Memphis ⭐ | 1,348,000 | $48,000 |
|
Current City |
| Atlanta | 6,307,000 | $71,000 |
|
Details → |
| Plano | 7,760,000 | $102,000 |
|
Compare → |
| Frisco | 7,760,000 | $127,000 |
|
Check it → |
| Fort Lauderdale | 6,166,000 | $73,000 |
|
Review → |
Market Signals
Retail Store Insights Unique to Memphis
Every business + city URL now shows a different mix of ratios, rent dynamics, and demand levers.
02
Market fundamentals place Memphis at 69/100 for retail stores: $48,000 average wages meet 68/100 pedestrian density.
03
Memphis runs on Logistics and Healthcare, supporting $48K earners.
04
Score 69.2. Average conditions. Execution decides success.
05
In Memphis, Shopping patterns becomes the tiebreaker.
FAQ
Retail Store FAQs for Memphis
Each answer references real Memphis data so this section is unique across the site.
What operational lever matters most for retail stores in Memphis?
Shopping patterns should lead your playbook when launching in Memphis.
How does Memphis compare to other retail store markets?
Memphis outperforms Atlanta by -22 points on the opportunity index, highlighting why the city commands premium rents.
What playbook works best for retail stores in Memphis?
Traffic 68. Balanced. Mix storefront and digital.
What makes the Memphis market distinctive?
Memphis runs on Logistics and Healthcare, supporting $48K earners.
Data Sources & Methodology
Our analysis combines multiple authoritative data sources
Economic Data
- World Bank Open Data
- International Monetary Fund (IMF)
- National Census Bureaus
Business Intelligence
- Ease of Doing Business Index
- Global Innovation Index
- Industry Association Reports
Demographics
- UN Population Division
- Municipal Open Data Portals
- Consumer Expenditure Surveys
Real Estate
- Commercial Real Estate Listings
- CoStar Market Analytics
- Local Zoning Databases
Methodology Note: Our opportunity scores are calculated using a weighted algorithm that considers population density, income levels, competition saturation, commercial rent costs, and industry-specific success factors. Data is refreshed quarterly from authoritative sources. Individual results may vary based on specific business circumstances, local regulations, and market conditions not captured in aggregate data.
Ready to Open Your Retail Store in Memphis?
Moderate - Strategic Entry with a 69/100 opportunity score, moderate competition, and a 68/100 foot traffic index. With moderate saturation, Memphis rewards operators who execute fundamentals exceptionally well. Invest in staff training, consistent quality, and local community engagement over the next 6-12 months to build sustainable advantage.