Memphis, Tennessee has a population of 618,639, with a median household income of $54,514.
Current median income data for Memphis.
618,639
$54,514
5.10%
$198,500
55.20
139.40 Mbps
Memphis is a major regional city located in Tennessee. The city has a population that is above the average city population in Tennessee, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.
Situated in Tennessee, Memphis provides insight into regional population trends, income levels, and housing conditions.
Memphis has a population of 618,639, which is higher than the state average. This indicates a relatively larger urban presence within Tennessee.
The median household income in Memphis is $54,514, which is above the state average. This reflects stronger earning potential and economic stability.
The average housing price in Memphis is about $198,500, making it relatively affordable compared to many cities in Tennessee.
The unemployment rate in Memphis is 5.10%, slightly above the state average, suggesting moderate employment conditions. Crime rates in Memphis are higher than the state average, which may be a factor for residents to consider.
Compared to other cities in Tennessee, Memphis shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.
Overall, Memphis offers a balanced mix of economic conditions, population trends, and housing opportunities within Tennessee.
The population of Memphis is approximately 618,639.
Memphis offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.
The median household income in Memphis is around $54,514.
The average housing price in Memphis is approximately $198,500.