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 $45,844 in 2014, the latest figures available. Memphis median household income is $1,483 higher than the median Tennessee household income and $7,813 less than the US median household income. 2015 metro income data (including Memphis median household income) will be released in September of 2016. Median family and per capita income for Memphis are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Memphis Tennessee

2014 1 Year Change 3 Year Change
US $53,657 +1.04% +0.93%
Tennessee $44,361 -1.47% +1.08%
Memphis $45,844 -3.95% -4.06%

Trends in Memphis, TN Real Median Household Income since 2005

The current median household income for Memphis is $45,844. Real median household income peaked in 2007 at $52,210 and is now $6,366 (12.19%) lower.

Real Median Household Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Household Income for Memphis

Date US Tennessee Memphis
2014 $53,657 $44,361 $45,844
2013 $53,105 $45,022 $47,731
2012 $52,970 $44,095 $47,109
2011 $53,162 $43,889 $47,784
2010 $54,343 $45,021 $49,273
2009 $55,415 $46,040 $48,146
2008 $57,211 $47,958 $50,755
2007 $57,936 $48,375 $52,210
2006 $56,892 $47,338 $49,425
2005 $56,058 $47,126 $49,782

Memphis Family Income

The ACS 1-year data shows the median family income for Memphis was $57,304 in 2014. Compared to the median Tennessee family income, Memphis median family income is $1,747 higher. As with the median household income data, 2015 family income data for Memphis will be released in September of 2016.

Show dollars as: Nominal Real

Real Median Family Income for Memphis Tennessee

2014 1 Year Change 3 Year Change
US $65,910 +1.28% +1.88%
Tennessee $55,557 -0.05% +0.96%
Memphis $57,304 -2.11% -0.18%

Trends in Memphis, TN Real Median Family Income since 2005

The current median family income for Memphis is $57,304. Real median family income peaked in 2007 at $64,368 and is now $7,064 (10.97%) lower. From a post peak low of $56,828 in 2012, real median family income for Memphis has now grown by $476 (0.84%).

Real Median Family Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Family Income for Memphis

Date US Tennessee Memphis
2014 $65,910 $55,557 $57,304
2013 $65,078 $55,586 $58,538
2012 $64,473 $55,002 $56,828
2011 $64,691 $55,026 $57,409
2010 $65,813 $55,469 $59,254
2009 $67,399 $56,654 $58,829
2008 $69,677 $59,157 $62,787
2007 $69,849 $59,312 $64,368
2006 $68,722 $58,480 $60,527
2005 $67,684 $58,129 $60,888

Memphis Per Capita Income

The ACS 1-year survey shows the per capita income for Memphis was $24,837 in 2014. Compared to the median Tennessee per capita income, Memphis median per capita income is $85 lower. As with the median household and median family income numbers above, 2015 per capita income data for Memphis will be released in September of 2016.

Show dollars as: Nominal Real

Real Per Capita Income for Memphis Tennessee

2014 1 Year Change 3 Year Change
US $28,889 +0.85% +2.75%
Tennessee $24,922 -0.64% +1.52%
Memphis $24,837 -2.62% -1.28%

Trends in Memphis, TN Real Per Capita Income since 2005

The current per capita income for Memphis is $24,837. Real per capita income peaked in 2005 at $27,948 and is now $3,111 (11.13%) lower. From a post peak low of $24,618 in 2012, real per capita income for Memphis has now grown by $219 (0.89%).

Real Per Capita Income: Memphis, Tennessee, National

Historical Real Per Capita Income for Memphis

Date US Tennessee Memphis
2014 $28,889 $24,922 $24,837
2013 $28,645 $25,082 $25,504
2012 $28,169 $24,429 $24,618
2011 $28,115 $24,548 $25,158
2010 $28,297 $24,392 $24,887
2009 $29,140 $25,048 $24,932
2008 $30,337 $26,571 $27,853
2007 $30,473 $26,739 $27,696
2006 $29,669 $25,919 $26,397
2005 $30,349 $26,779 $27,948