All Countries
Memphis, TN
Full City Profile · Tennessee · Shelby County County
3.0
/5.0
B
Good
629,063
Population
2,171/sq mi density
$51,211
Median Income
$32,314 per capita
$157,100
Home Value
$142,870 Zillow
$1,123
Median Rent
32.9% income on rent
64°F
Avg Temperature
293 sunny days/yr
1,901
Violent Crime/100K
6,128 property/100K
B
Overall
3.0 / 5.0
Good overall score based on economy, affordability, safety and education
C+
Economy
2.9 / 5.0
$51,211 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$157,100 home value, $1,123/mo rent
F
Safety
1.0 / 5.0
1,901 violent crimes/100K (400% above avg)
B
Education
3.3 / 5.0
28.2% bachelor's degree or higher
Income Overview
Median Household Income
$51,211
32% below
US avg: $75,149
Per Capita Income
$32,314
17% below
US avg: $39,052
Unemployment Rate
5.3%
47% above
US avg: 3.6%
Poverty Rate
17.9%
44% above
US avg: 12.4%
Income Comparison: Memphis vs. U.S. Average
Each bar shows Memphis’s value as a percentage of the national average (100% line = U.S. avg)
Median Household
US: $75,149
$51,211
68%
Per Capita
US: $39,052
$32,314
83%
IRS Avg AGI
US: $72,000
$77,241
107%
Avg Weekly Wage
US: $1,432
$1,375
96%
Thin line = U.S. average (100%)
Employment & Commute
Avg Weekly Wage
$1,375
4% below US avg ($1,432)
Mean Commute Time
21 min
23% below US avg (28 min)
Work From Home
8.0%
47% below US avg (15.2%)
Drive Alone
77.8%
6% above US avg (73.2%)
Public Transit
0.8%
84% below US avg (5.0%)
County GDP
$88,404M
County-level GDP (BEA 2024)
How Residents Get to Work
Drive Alone
77.8%
Public Transit
0.8%
Work From Home
8%
Other
13.4%
Average commute time
21 minutes
US avg: 28 min
Business Landscape
Total Establishments
24,468
Restaurants
2,010
Healthcare
2,278
Retail
2,931
Manufacturing
536
Tax & Financial
IRS Avg Adjusted Gross Income
$77,241
7% above US avg ($72,000)
Avg Property Tax
$6,077
74% above US avg ($3,500)
Cost of Living Index
91.9
Below national average (100 = US avg)
Complete Economy Data
Income & Wages
| Median Household Income | $51,211 |
| Per Capita Income | $32,314 |
| IRS Avg Adjusted Gross Income | $77,241 |
| Avg Weekly Wage | $1,375 |
| County GDP | $88,404M |
Hardship Indicators
| Unemployment Rate | 5.3% |
| Poverty Rate | 17.9% |
| Gini Coefficient | 0.513 |
| Cost of Living Index | 91.9 |
Commute
| Mean Commute | 21 minutes |
| Drive Alone | 77.8% |
| Public Transit | 0.8% |
| Work From Home | 8.0% |
Businesses
| Total Establishments | 24,468 |
| Restaurants | 2,010 |
| Healthcare | 2,278 |
| Retail | 2,931 |
| Manufacturing | 536 |
Tax
| IRS Avg AGI | $77,241 |
| Avg Property Tax | $6,077 |