Memphis, TN

Census Place

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    2024 Median Age
    34.2
    0.292% 1-year decrease
    2024 Median Household Income
    $51,736
    1.03% 1-year growth
    2024 Median Property Value
    $169,000
    7.57% 1-year growth

    About

    N/A of the households in Memphis, TN reported speaking a non-English language at home as their primary shared language. This does not consider the potential multi-lingual nature of households, but only the primary self-reported language spoken by all members of the household.

    94.4% of the residents in Memphis, TN are U.S. citizens.

    In 2024, the median property value in Memphis, TN was $169,000, and the homeownership rate was 44.9%.

    Population & Diversity

    Memphis, TN is home to a population of N/A people, from which 94.4% are citizens.

    Citizenship

    94.4%
    2024 Citizenship
    94.9%
    2023 Citizenship

    As of 2024, 94.4% of Memphis, TN residents were US citizens, which is higher than the national average of 93.2%. In 2023, the percentage of US citizens in Memphis, TN was 94.9%, meaning that the rate of citizenship has been decreasing.

    The following chart shows US citizenship percentages in Memphis, TN compared to that of it's neighboring and parent geographies.

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    Veterans

    Most Common Service Period
    1. Vietnam
      7,594 ± 654
    2. Gulf War (2001-)
      5,383 ± 902
    3. Gulf War (1990s)
      3,982 ± 525

    Memphis, TN has a large population of military personnel who served in Vietnam, 1.41 times greater than any other conflict.

    The chart shows the distribution of veterans by conflict in Memphis, TN.

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    Economy

    Unemployment Insurance Claims

    Data is only available at the state level. Showing data for Tennessee.

    This chart shows weekly unemployment insurance claims in Tennessee (not-seasonally adjusted) compared with the four states with the most similar impact.

    The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

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    Civics

    In the 2024 presidential election, the popular vote in Tennessee went to Donald J. Trump with 64.2% of the vote. The runner-up was Kamala Harris (34.5%), followed by Robert Kennedy (0.703%).

    N/A are the senators currently representing the state of N/A. In the United States, senators are elected to 6-year terms with the terms for individual senators staggered.

    Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming is currently represented by 432 members in the U.S. house, and members of the House of Representives are elected to 2-year terms.

    Education

    Applicants, Admissions & Enrolled

    Measure

    In 2024 in Memphis, TN, the percentage of applicants admitted was 68.2%, while the percentage of admitted who enrolled was 19.1%. The number of students enrolled in 2024 was 42,241 (38.9% men and 61.1% women).

    The line chart  shows the evolution of the percentage of applicants admitted, admitted who enrolled or the number of students enrolled according to the option selected in the upper button.

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    Enrollments by Gender and Races

    In 2024 there were 42,241 students enrolled in Memphis, TN, 38.9% men and 61.1% women.

    By race, the largest number of students enrolled was concentrated in Black or African American with 17,446 records, of which 67.7% were women and 32.3% men.

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    Concentrations

    In 2024, the most common concentation for N/A recipients in Memphis, TN was N/A with N/A degrees awarded.

    This visualization illustrates the percentage of students graduating with a N/A from schools in Memphis, TN according to their major.

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    Average Net Price by Sector

    Private not-for-profit, 4-year or above ($17,108) is the sector with the highest median state tuition in 2024.

    Public, 4-year or above ($2,494) is the sector with the highest median state fee in 2024.

    Public, 2-year ($1,545) is the sector with the highest average net price of books and supplies.

    The graph shows the average net price by sector and year.

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    Housing & Living

    The median property value in Memphis, TN was $169,000 in 2024, which is 0.508 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $157,100 to $169,000, a 7.57% increase. The homeownership rate in Memphis, TN is 44.9%, which is lower than the national average of 65.2%.

    Property

    $169,000
    Median Property Value 2024
    ±$3,795
    N/A
    Median Property Taxes
    ±N/A

    The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Memphis, TN the largest share of households pay taxes in the $3k+ range.

    The chart underneath the paragraph shows the property taxes in Memphis, TN compared to it's parent and neighbor geographies.

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    Rent vs Own

    44.9%
    Homeownership
    2024
    64.4%
    Homeowners with Mortgage
    2024

    In 2024, 44.9% of the housing units in Memphis, TN were occupied by their owner. This percentage declined from the previous year's rate of 46%.

    This chart shows the percentage of owner in Memphis, TN compared it's parent and neighboring geographies.

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    Household Income

    Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.
    $51,736
    Median Household Income
    ± $1,072
    253k
    Number of Households
    ± 4,571

    In 2024, the median household income of the 253k households in Memphis, TN grew to $51,736 from the previous year's value of $51,211.

    The following chart displays the households in Memphis, TN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the N/A range.

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    Wage Distribution

    The closest comparable wage GINI for Memphis, TN is from Tennessee.
    0.457
    2024 Wage GINI in Tennessee
    0.459
    2023 Wage GINI in Tennessee

    In 2024, the income inequality in Tennessee was 0.457 according to the GINI calculation of the wage distribution. Income inequality had a 0.505% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Tennessee was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Tennessee in comparison to the national average.

    This chart shows the number of workers in Tennessee across various wage buckets compared to the national average.

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    Car Ownership

    2 cars
    Average Number

    The following chart displays the households in Memphis, TN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Memphis, TN have 2 cars.

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