Median Income
$60,884
19% lower than US avg
Home Value
$190,400
32% lower than US avg
Bachelor's+
14.8%
56% lower than US avg
Median Rent
$832
28% lower than US avg
Obesity Rate
35.2%
10% higher than US avg
Unemployment
2.9%
19% lower than US avg
Poverty Rate
17.7%
43% higher than US avg
How Memphis Compares to the U.S. Average (100% = U.S. avg)
People
Population1,107
Median Age41.6 yrs
Density988/mi²
Male / Female51% / 50%
Largest GroupWhite 94%
Economy
B+
Median Income$60,884
Per Capita$29,707
Unemployment2.9%
Poverty17.7%
County GDP$7,417M
Commute33 min
Housing
A+
Home Value$190,400
Rent$832
OwnershipN/A
Zillow$312,945
Health
Obesity35.2%
UninsuredN/A
Depression27.9%
Heart Disease5.2%
Climate
Avg Temp48°F
AQI38 (Good)
Rain35.9 in/yr
Elevation759 ft
Education
C
Bachelor's+14.8%
High School+88.8%
School Score5.23
Community
2024 VoteR 67% / D 32%
Commute33 min
Libraries10
Is Memphis a Good Place to Live?
Based on current data, Memphis receives an overall livability score of 3.5 out of 5.0, earning a grade of B+. Key strengths include low unemployment, affordable housing, high health insurance coverage. Areas to be aware of include an elevated poverty rate. Memphis offers a solid quality of life with a good balance of affordability, safety, and opportunity.
Economy & Jobs
The median household income in Memphis is $60,884, 19% below the national average of $75,149. The job market is very strong with unemployment at just 2.9%. The poverty rate of 17.7% exceeds the national average of 12.4%, indicating economic hardship for a significant portion of the population. Workers commute an average of 33 minutes.
Cost of Living & Housing
The median home value in Memphis is $190,400, 32% below the national median — offering relatively affordable homeownership. Renters pay a median of $832 per month, below the national average — a plus for affordability. A price-to-income ratio of 3.1x indicates a reasonably affordable housing market.
Education
14.8% of residents hold a bachelor's degree, below the national average of 33.7%. 88.8% have completed high school. Area schools have an average test score of 5.2/10.
Climate & Weather
Memphis experiences four distinct seasons with an average temperature of 48°F. Winters average 23°F in January while summers reach 73°F in July. Annual precipitation totals 35.9 inches, including 46.6 inches of snow. Air quality is rated Good with a median AQI of 38.
Memphis has a population of 1,107 with a density of 988 people per square mile. The median age is 41.6 years, 7% older than the national median of 38.9. The city is predominantly White (93.5%), with 1.9% Black.
Population
41.6yrs
Median Age
7% above US avg
Language Spoken at Home
| English Only | 96.2% |
| 23% above US avg |
| Spanish | 3.8% |
| 72% below US avg |
The median household income in Memphis is $60,884, which is 19% below the national average of $75,149. The unemployment rate is 2.9% (below the 3.6% US average). 17.7% of residents live below the poverty line. Workers commute an average of 33 minutes.
Income
| Median HH Income | $60,884 |
| 19% below US avg |
| Per Capita Income | $29,707 |
| Avg Weekly Wage | $1,071 |
| IRS Avg AGI | $66,465 |
Employment & Poverty
| Unemployment | 2.9% |
| 19% below US avg |
| Poverty Rate | 17.7% |
| 43% above US avg |
| Establishments (County) | 3,248 |
| County GDP | $7,417M |
Business (County)
| Restaurants | 292 |
| Healthcare | 423 |
| Retail | 463 |
| Manufacturing | 213 |
Tax & Cost of Living
| Property Tax (IRS) | $5,028 |
| 44% above US avg |
| Effective Tax Rate | 2.64% |
Commute & Transportation
| Commute Time | 32.9 min |
| Work from Home | 4.2% |
The median home value in Memphis is $190,400, 32% below the national average. Monthly rent averages $832 (28% below US avg). Zillow estimates the typical home value at $312,945.
Home Values
| Census Median | $190,400 |
| 32% below US avg |
| Zillow ZHVI | $312,945 |
Real Estate Market (Redfin)
Rental Costs
| Census Median Rent | $832 |
| 28% below US avg |
HUD Fair Market Rent
| Studio | $807 |
| 1 Bedroom | $891 |
| 2 Bedrooms | $1,113 |
| 3 Bedrooms | $1,419 |
| 4 Bedrooms | $1,588 |
Ownership & Property
Property Tax
| Avg Tax (IRS) | $5,028 |
| 44% above US avg |
| Effective Rate | 2.64% |
In Memphis, 35.2% of adults are obese (above the 32.1% national rate). 27.9% report depression. 21.8% are physically inactive.
Health Metrics: Memphis vs U.S. Average (%)
Chronic Conditions
| Obesity | 35.2% |
| 10% above US avg |
| Diabetes | 8.3% |
| Heart Disease | 5.2% |
| High Blood Pressure | 31.1% |
| Asthma | 11.2% |
| COPD | 6.3% |
| Stroke | 2.6% |
Behaviors & Mental Health
| |
| Binge Drinking | 20.0% |
| Physical Inactivity | 21.8% |
| Depression | 27.9% |
| Mental Distress | 18.4% |
| Physical Distress | 12.4% |
Healthcare Access
| Insurance Rate | 94.1% |
| |
| Checkup Rate | 78.6% |
| Premature Death | 9,609/100K |
Food & Exercise
| Food Environment | 7.1/10 |
| Exercise Access | 73.8% |
| Healthcare Facilities | 423 |
Crime Rates: Memphis vs U.S. Average (per 100,000)
Traffic Safety
| Fatal Crashes (County/yr) | 31 |
Safety Score
Memphis has an average annual temperature of 48°F (9°C). Winters average 23°F in January while summers reach 73°F in July. Annual precipitation is 35.9 inches. Air quality is rated Good with a median AQI of 38.
Temperature
23°F Jan (-5°C)
73°F Jul (23°C)
| Annual Average | 48.1°F |
| 11% below US avg |
| January Average | 23°F (-5°C) |
| July Average | 73°F (23°C) |
Precipitation & Snow
| Annual Rainfall | 35.9 inches |
| 6% below US avg |
| Snowfall | 46.6 inches/yr |
Air Quality
| AQI Median | 38.0 |
| Rating | Good |
Geography
| Elevation | 759 ft (231 m) |
| Area | 1.1 sq mi (2.9 km²) |
| Population Density | 988/sq mi |
| Coordinates | 42.8952°N, 82.7683°W |
| County FIPS | 26147 |