Median Income
$116,852
55% higher than US avg
Home Value
$233,600
17% lower than US avg
Bachelor's+
22.0%
35% lower than US avg
Median Rent
$1,173
1% higher than US avg
Obesity Rate
40.4%
26% higher than US avg
Unemployment
0.0%
100% lower than US avg
Poverty Rate
0.0%
100% lower than US avg
How Memphis Compares to the U.S. Average (100% = U.S. avg)
People
Population928
Median Age35.8 yrs
Density357/mi²
Male / Female47% / 53%
Largest GroupWhite 94%
Economy
A+
Median Income$116,852
Per Capita$54,891
Unemployment0.0%
Poverty0.0%
County GDP$8,559M
Commute26 min
Housing
A+
Home Value$233,600
Rent$1,173
OwnershipN/A
Zillow$289,581
Rent Burden42.9%
Health
Obesity40.4%
UninsuredN/A
Depression26.9%
Heart Disease5.0%
Climate
Avg Temp58°F
AQI41 (Good)
Rain48.0 in/yr
Elevation511 ft
Education
C+
Bachelor's+22.0%
High School+88.4%
School Score6.01
Community
2024 VoteR 59% / D 39%
Commute26 min
Libraries8
Is Memphis a Good Place to Live?
Based on current data, Memphis receives an overall livability score of 4.3 out of 5.0, earning a grade of A. Key strengths include above-average household incomes, low unemployment, affordable housing, a low poverty rate. Areas to be aware of include high obesity rates. Memphis stands out as an excellent place to live, with strong marks across most quality-of-life indicators.
Economy & Jobs
The median household income in Memphis is $116,852, which is significantly higher than the national average — 55% above $75,149. This places Memphis among higher-income communities. The job market is very strong with unemployment at just 0.0%. Only 0.0% of residents live below the poverty line, well below the national rate of 12.4%. Workers commute an average of 26 minutes.
Cost of Living & Housing
The median home value in Memphis is $233,600, 17% below the national median — offering relatively affordable homeownership. Renters pay a median of $1,173 per month. At just 2x median income, home prices are very affordable relative to local earnings.
Education
22.0% of residents hold a bachelor's degree, below the national average of 33.7%. 88.4% have completed high school. Area schools have an average test score of 6/10.
Climate & Weather
Memphis enjoys a moderate climate with an average annual temperature of 58°F. Winters average 35°F in January while summers reach 79°F in July. Annual precipitation totals 48.0 inches. Air quality is rated Good with a median AQI of 41.
Memphis has a population of 928 with a density of 357 people per square mile. The median age is 35.8 years, 8% younger than the national median of 38.9. The city is predominantly White (93.9%), with 6.1% Hispanic.
Population
35.8yrs
Median Age
8% below US avg
Language Spoken at Home
| English Only | 100.0% |
| 27% above US avg |
| Spanish | 0.0% |
| 100% below US avg |
The median household income in Memphis is $116,852, which is 55% above the national average of $75,149. The unemployment rate is 0.0% (below the 3.6% US average). 0.0% of residents live below the poverty line. Workers commute an average of 26 minutes.
Income
| Median HH Income | $116,852 |
| 55% above US avg |
| Per Capita Income | $54,891 |
| Avg Weekly Wage | $1,088 |
| IRS Avg AGI | $67,547 |
Employment & Poverty
| Unemployment | 0.0% |
| 100% below US avg |
| Poverty Rate | 0.0% |
| 100% below US avg |
| Establishments (County) | 3,180 |
| County GDP | $8,559M |
Business (County)
| Restaurants | 269 |
| Healthcare | 305 |
| Retail | 417 |
| Manufacturing | 138 |
Tax & Cost of Living
| Property Tax (IRS) | $2,931 |
| 16% below US avg |
| Effective Tax Rate | 1.25% |
Commute & Transportation
| Commute Time | 26.0 min |
| Work from Home | 2.9% |
The median home value in Memphis is $233,600, 17% below the national average. Monthly rent averages $1,173 (1% above US avg). Zillow estimates the typical home value at $289,581.
Home Values
| Census Median | $233,600 |
| 17% below US avg |
| Zillow ZHVI | $289,581 |
| Median List Price | $255,101 |
Real Estate Market (Redfin)
| Median List Price | $255,101 |
| $/Sq Ft | $188 |
| Homes Sold | 6 |
| Sale-to-List Ratio | 99.6% |
| Price Drops | 14.3% |
| Inventory | 14 |
Rental Costs
| Census Median Rent | $1,173 |
| 1% above US avg |
| Rent Burden | 42.9% |
HUD Fair Market Rent
| Studio | $816 |
| 1 Bedroom | $882 |
| 2 Bedrooms | $1,096 |
| 3 Bedrooms | $1,391 |
| 4 Bedrooms | $1,590 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $2,931 |
| 16% below US avg |
| Effective Rate | 1.25% |
In Memphis, 40.4% of adults are obese (above the 32.1% national rate). 26.9% report depression. 19.5% are physically inactive.
Health Metrics: Memphis vs U.S. Average (%)
Chronic Conditions
| Obesity | 40.4% |
| 26% above US avg |
| Diabetes | 9.1% |
| Heart Disease | 5.0% |
| High Blood Pressure | 33.4% |
| Asthma | 11.1% |
| COPD | 5.9% |
| Stroke | 2.5% |
Behaviors & Mental Health
| |
| Binge Drinking | 19.4% |
| Physical Inactivity | 19.5% |
| Depression | 26.9% |
| Mental Distress | 17.2% |
| Physical Distress | 11.5% |
Healthcare Access
| Insurance Rate | 98.6% |
| |
| Checkup Rate | 78.7% |
| Premature Death | 11,783/100K |
Food & Exercise
| Food Environment | 8.3/10 |
| Exercise Access | 85.0% |
| Healthcare Facilities | 305 |
Crime Rates: Memphis vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 14 |
Safety Score
Memphis has an average annual temperature of 58°F (14°C). Winters average 35°F in January while summers reach 79°F in July. Annual precipitation is 48.0 inches. Air quality is rated Good with a median AQI of 41.
Temperature
35°F Jan (1°C)
79°F Jul (26°C)
| Annual Average | 58.0°F |
| 7% above US avg |
| January Average | 35°F (1°C) |
| July Average | 79°F (26°C) |
Precipitation & Snow
| Annual Rainfall | 48.0 inches |
| 26% above US avg |
| Snowfall | 4.3 inches/yr |
Air Quality
| AQI Median | 41.0 |
| Rating | Good |
Geography
| Elevation | 511 ft (156 m) |
| Area | 2.6 sq mi (6.7 km²) |
| Population Density | 357/sq mi |
| Coordinates | 38.4948°N, 85.7670°W |
| County FIPS | 18019 |