For 2010, the national average for personal income rose about 2.9 percent. In Memphis however, we were on the high side of the average at 3.1 percent, according to the US Bureau of Economic Analysis. Tennessee as a whole fared well in the study, with Knoxville citing 3.8 percent growth and Chattanooga and Nashville both recording 4.3 percent growth.
Personal income is measured by income that is brought in by all sources–such as employment wages, interest accrued, and payments such as tenant rents and transfers. The Memphis movers feel this report shows positively on the Tennessee economy and reinforces our belief that the Memphis area is a great place for Americans to live and work. If you are thinking or relocating to the Memphis area, then be sure to get in touch with the professional family movers at All My Sons of Memphis, where we have been helping families and individuals relocate for four generations.