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 $49,809 in 2016, the latest figures available. Memphis median household income is $1,262 higher than the median Tennessee household income and $7,808 less than the US median household income. 2017 metro income data (including Memphis median household income) will be released in September of 2018. Median family and per capita income for Memphis are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Memphis Tennessee

2016 1 Year Change 3 Year Change
US $57,617 +2.01% +7.02%
Tennessee $48,547 +1.41% +6.36%
Memphis $49,809 +1.37% +2.93%

Trends in Memphis, TN Real Median Household Income since 2005

The current median household income for Memphis is $49,809. Real median household income peaked in 2007 at $52,931 and is now $3,122 (5.90%) lower. From a post peak low of $46,477 in 2014, real median household income for Memphis has now grown by $3,332 (7.17%).

Real Median Household Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Household Income for Memphis

Date US Tennessee Memphis
2016 $57,617 $48,547 $49,809
2015 $56,480 $47,872 $49,137
2014 $54,398 $44,974 $46,477
2013 $53,838 $45,644 $48,390
2012 $53,701 $44,704 $47,759
2011 $53,879 $44,481 $48,428
2010 $55,093 $45,642 $49,953
2009 $56,180 $46,676 $48,810
2008 $58,000 $48,619 $51,455
2007 $58,736 $49,043 $52,931
2006 $57,677 $47,991 $50,107
2005 $56,832 $47,776 $50,469

Memphis Family Income

The ACS 1-year data shows the median family income for Memphis was $61,304 in 2016. Compared to the median Tennessee family income, Memphis median family income is $645 higher. As with the median household income data, 2017 family income data for Memphis will be released in September of 2018.

Show dollars as: Nominal Real

Real Median Family Income for Memphis Tennessee

2016 1 Year Change 3 Year Change
US $71,062 +2.81% +7.71%
Tennessee $60,659 +3.58% +7.64%
Memphis $61,304 +0.58% +3.30%

Trends in Memphis, TN Real Median Family Income since 2005

The current median family income for Memphis is $61,304. Real median family income peaked in 2007 at $65,257 and is now $3,953 (6.06%) lower. From a post peak low of $57,613 in 2012, real median family income for Memphis has now grown by $3,691 (6.41%).

Real Median Family Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Family Income for Memphis

Date US Tennessee Memphis
2016 $71,062 $60,659 $61,304
2015 $69,122 $58,561 $60,951
2014 $66,820 $56,324 $58,095
2013 $65,977 $56,354 $59,346
2012 $65,363 $55,761 $57,613
2011 $65,564 $55,768 $58,184
2010 $66,721 $56,234 $60,072
2009 $68,329 $57,436 $59,641
2008 $70,638 $59,973 $63,653
2007 $70,813 $60,131 $65,257
2006 $69,670 $59,287 $61,362
2005 $68,618 $58,931 $61,728

Memphis Per Capita Income

The ACS 1-year survey shows the per capita income for Memphis was $27,011 in 2016. Compared to the median Tennessee per capita income, Memphis median per capita income is $76 lower. As with the median household and median family income numbers above, 2017 per capita income data for Memphis will be released in September of 2018.

Show dollars as: Nominal Real

Real Per Capita Income for Memphis Tennessee

2016 1 Year Change 3 Year Change
US $31,128 +2.54% +7.19%
Tennessee $27,087 +2.03% +6.52%
Memphis $27,011 +1.28% +4.47%

Trends in Memphis, TN Real Per Capita Income since 2005

The current per capita income for Memphis is $27,011. Real per capita income peaked in 2005 at $28,334 and is now $1,323 (4.67%) lower. From a post peak low of $24,958 in 2012, real per capita income for Memphis has now grown by $2,053 (8.23%).

Real Per Capita Income: Memphis, Tennessee, National

Historical Real Per Capita Income for Memphis

Date US Tennessee Memphis
2016 $31,128 $27,087 $27,011
2015 $30,358 $26,547 $26,669
2014 $29,288 $25,266 $25,180
2013 $29,041 $25,428 $25,856
2012 $28,558 $24,767 $24,958
2011 $28,494 $24,879 $25,497
2010 $28,687 $24,728 $25,230
2009 $29,542 $25,393 $25,276
2008 $30,755 $26,937 $28,237
2007 $30,894 $27,108 $28,078
2006 $30,078 $26,277 $26,762
2005 $30,768 $27,149 $28,334