At a Glance
Median Income
$116,852
$54,891 per capita
Home Value
$233,600
Zillow: $297,397
Median Rent
$1,173/mo
42.9% of income on rent
Bachelor's Degree+
22.0%
88.4% high school+
Unemployment
0.0%
0.0% poverty rate
Obesity Rate
40.4%
13.7% smoking rate
How Memphis Compares to the U.S. Average
Each bar shows Memphis's value as a percentage of the national average (100% = U.S. avg)
Thin vertical line = U.S. national average (100%)
Is Memphis a Good Place to Live?
A
4.3 / 5.0 - Great
Based on economy, affordability, safety, and education metrics compared to national averages.
Economy & Jobs
Memphis residents earn a median household income of $116,852 , which is 55% above the national average of $75,149.
Per capita income is $54,891. The unemployment rate stands at 0.0% (100% below the U.S. rate of 3.6%). 0.0% of residents live below the poverty line. The area is home to 3,180 business establishments, including 269 restaurants.
Housing & Cost of Living
The median home value in Memphis is $233,600 , 17% below the national median of $281,900.
Zillow estimates the typical home at $297,397. Median rent is $1,173/month, with 42.9% of renters spending more than 30% of income on housing. The cost of living index is 93.3 (100 = national average). The median home was built in 2011.
Education
22.0% of adults in Memphis hold a bachelor's degree or higher
(35% below the national average).
88.4% have completed high school. Local schools score 5.6/10 in standardized testing.
Climate & Weather
Memphis has an average annual temperature of 55°F (13°C).
Winters average 32°F in January while summers reach 77°F in July. Annual precipitation totals 48.1 inches. Air quality is rated Good with a median AQI of 47.
Data Overview
People
Population928
Median Age35.8 yrs
Density357/mi²
Male / Female47% / 53%
Foreign Born0.0%
Veterans1.9%
Economy
A+
Median Income$116,852
Per Capita$54,891
Unemployment0.0%
Poverty0.0%
County GDP$8,559M
Avg Weekly Wage$1,088
Housing
A+
Home Value$233,600
Rent$1,173
Ownership88.3%
Zillow$297,397
Housing Units348
Rent Burden42.9%
Health
Obesity40.4%
Diabetes9.1%
Smoking13.7%
Heart Disease5.0%
Premature Death11,783/100K
Climate
Avg Temp55°F
Rain48.1 in/yr
AQI47 (Good)
Elevation511 ft
Education
C+
Bachelor's+22.0%
High School+88.4%
Graduate+2.9%
School Score5.6/10
Community
2024 VoteR 59% / D 39%
Commute26 min
Broadband96.5%
Internet Speed174 Mbps
EV Stations1
Libraries8
Did You Know?
The median home in Memphis was built in 2011.
The nearest airport is Louisville Muhammad Ali International (22 miles).
The Gini coefficient (income inequality) is 0.412 (U.S. avg: 0.490).
Natural hazard risk is rated "Relatively Moderate" by FEMA.
6.5% of the population has a disability.
Average internet download speed is 174 Mbps.
There are 269 restaurants in the area.
The county recorded 14 fatal vehicle crashes.