Median Household Income
$51,736 ± $1,072
Median Home Value
$169,000 ± $3,795
Median Gross Rent
$1,181 ± $12/mo
Per Capita Income
$33,100
Poverty Rate
23.1%
Unemployment Rate
8.3%
Homeownership Rate
44.9%
Bachelor's Degree or Higher
28.0%
Median Age
34.2
Average Commute
19 min
Households
253,120
Veterans
23,827
Population Over Time
Memphis shrank 5.7% from 2014 to 2024.
2014
656,715
2016
655,857
2018
653,248
2020
650,910
2022
630,027
2024
618,980
Population by Race & Ethnicity
White
23.8%
Hispanic or Latino
10.4%
Black or African American
62.9%
Asian
1.7%
Nearby Cities in Tennessee
Source: U.S. Census Bureau, American Community Survey, ACS 2020-2024. Estimates carry a margin of error (shown as ±) inherent to ACS's sample-based methodology.