The greater Memphis metropolitan area (including the adjacent areas of Mississippi and Arkansas) has a population of about 1.3 million people. This makes Memphis the second largest metropolitan area in Tennessee, surpassed only by Nashville. Even though Memphis is the state's second largest city, it is the youngest of Tennessee's four major cities (traditionally including Knoxville and Chattanooga as well as Nashville). Memphis has condos and lofts around the river and city center for those who want to live the city lifestyle.
The city's central location has led to much of its business development. Located on the Mississippi River and intersected by two Interstate highways and seven major U.S. highways, Memphis is ideally located for commerce among the transportation and shipping industry. The city is also home to the world's busiest cargo airport, in terms of tonnage, which serves as the primary hub for FedEx shipping. Due to its location, more major metro areas can be reached overnight from Memphis than any other city in the central U.S. Memphis is also the home of Graceland, the former home of Rock 'n' Roll legend Elvis Presley, is one of the most visited houses in the United States (second only to the White House), attracting over 600,000 domestic and international visitors a year.