Department of Numbers

Memphis Tennessee Household Income

The Census ACS 1-year survey reports that the median household income for the Memphis Tennessee metro area was $48,524 in 2015, the latest figures available. Memphis median household income is $1,249 higher than the median Tennessee household income and $7,251 less than the US median household income. 2016 metro income data (including Memphis median household income) will be released in September of 2017. Median family and per capita income for Memphis are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Memphis Tennessee

2015 1 Year Change 3 Year Change
US $55,775 +3.83% +5.17%
Tennessee $47,275 +6.45% +7.09%
Memphis $48,524 +5.72% +2.88%

Trends in Memphis, TN Real Median Household Income since 2005

The current median household income for Memphis is $48,524. Real median household income peaked in 2007 at $52,270 and is now $3,746 (7.17%) lower. From a post peak low of $45,897 in 2014, real median household income for Memphis has now grown by $2,627 (5.72%).

Real Median Household Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Household Income for Memphis

Date US Tennessee Memphis
2015 $55,775 $47,275 $48,524
2014 $53,719 $44,412 $45,897
2013 $53,166 $45,074 $47,786
2012 $53,031 $44,146 $47,164
2011 $53,223 $43,939 $47,839
2010 $54,405 $45,072 $49,329
2009 $55,478 $46,093 $48,201
2008 $57,276 $48,012 $50,813
2007 $58,003 $48,431 $52,270
2006 $56,957 $47,393 $49,482
2005 $56,122 $47,180 $49,839

Memphis Family Income

The ACS 1-year data shows the median family income for Memphis was $60,191 in 2015. Compared to the median Tennessee family income, Memphis median family income is $2,361 higher. As with the median household income data, 2016 family income data for Memphis will be released in September of 2017.

Show dollars as: Nominal Real

Real Median Family Income for Memphis Tennessee

2015 1 Year Change 3 Year Change
US $68,260 +3.45% +5.75%
Tennessee $57,830 +3.97% +5.02%
Memphis $60,191 +4.92% +5.79%

Trends in Memphis, TN Real Median Family Income since 2005

The current median family income for Memphis is $60,191. Real median family income peaked in 2007 at $64,442 and is now $4,251 (6.60%) lower. From a post peak low of $56,894 in 2012, real median family income for Memphis has now grown by $3,297 (5.79%).

Real Median Family Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Family Income for Memphis

Date US Tennessee Memphis
2015 $68,260 $57,830 $60,191
2014 $65,986 $55,621 $57,370
2013 $65,153 $55,650 $58,605
2012 $64,548 $55,066 $56,894
2011 $64,766 $55,090 $57,476
2010 $65,888 $55,532 $59,322
2009 $67,476 $56,719 $58,896
2008 $69,756 $59,225 $62,858
2007 $69,929 $59,380 $64,442
2006 $68,801 $58,547 $60,596
2005 $67,761 $58,195 $60,957

Memphis Per Capita Income

The ACS 1-year survey shows the per capita income for Memphis was $26,336 in 2015. Compared to the median Tennessee per capita income, Memphis median per capita income is $120 higher. As with the median household and median family income numbers above, 2016 per capita income data for Memphis will be released in September of 2017.

Show dollars as: Nominal Real

Real Per Capita Income for Memphis Tennessee

2015 1 Year Change 3 Year Change
US $29,979 +3.65% +6.30%
Tennessee $26,216 +5.07% +7.19%
Memphis $26,336 +5.91% +6.85%

Trends in Memphis, TN Real Per Capita Income since 2005

The current per capita income for Memphis is $26,336. Real per capita income peaked in 2005 at $27,980 and is now $1,644 (5.88%) lower. From a post peak low of $24,647 in 2012, real per capita income for Memphis has now grown by $1,689 (6.85%).

Real Per Capita Income: Memphis, Tennessee, National

Historical Real Per Capita Income for Memphis

Date US Tennessee Memphis
2015 $29,979 $26,216 $26,336
2014 $28,922 $24,951 $24,866
2013 $28,678 $25,111 $25,533
2012 $28,202 $24,458 $24,647
2011 $28,147 $24,577 $25,187
2010 $28,329 $24,420 $24,915
2009 $29,174 $25,076 $24,960
2008 $30,371 $26,601 $27,885
2007 $30,508 $26,770 $27,728
2006 $29,703 $25,949 $26,428
2005 $30,384 $26,810 $27,980