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 $50,338 in 2018, the latest figures available. Memphis median household income is $2,037 lower than the median Tennessee household income and $11,599 less than the US median household income. 2019 metro income data (including Memphis median household income) will be released in September of 2020. Median family and per capita income for Memphis are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Memphis Tennessee

2018 1 Year Change 3 Year Change
US $61,937 +0.21% +4.77%
Tennessee $52,375 -0.41% +4.53%
Memphis $50,338 -3.62% -2.12%

Trends in Memphis, TN Real Median Household Income since 2005

The current median household income for Memphis is $50,338. Real median household income peaked in 2007 at $55,512 and is now $5,174 (9.32%) lower. From a post peak low of $48,674 in 2014, real median household income for Memphis has now grown by $1,664 (3.42%).

Real Median Household Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Household Income for Memphis

Date US Tennessee Memphis
2018 $61,937 $52,375 $50,338
2017 $61,807 $52,591 $52,227
2016 $60,291 $50,800 $52,121
2015 $59,116 $50,107 $51,430
2014 $56,969 $47,099 $48,674
2013 $56,415 $47,828 $50,705
2012 $56,288 $46,857 $50,060
2011 $56,507 $46,651 $50,791
2010 $57,762 $47,853 $52,373
2009 $58,921 $48,953 $51,192
2008 $60,829 $50,991 $53,965
2007 $61,601 $51,435 $55,512

Memphis Family Income

The ACS 1-year data shows the median family income for Memphis was $64,873 in 2018. Compared to the median Tennessee family income, Memphis median family income is $783 lower. As with the median household income data, 2019 family income data for Memphis will be released in September of 2020.

Show dollars as: Nominal Real

Real Median Family Income for Memphis Tennessee

2018 1 Year Change 3 Year Change
US $76,401 +0.94% +5.60%
Tennessee $65,656 +1.86% +7.12%
Memphis $64,873 +0.49% +1.69%

Trends in Memphis, TN Real Median Family Income since 2005

The current median family income for Memphis is $64,873. Real median family income peaked in 2007 at $68,439 and is now $3,566 (5.21%) lower. From a post peak low of $60,388 in 2012, real median family income for Memphis has now grown by $4,485 (7.43%).

Real Median Family Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Family Income for Memphis

Date US Tennessee Memphis
2018 $76,401 $65,656 $64,873
2017 $75,692 $64,460 $64,557
2016 $74,360 $63,474 $64,149
2015 $72,348 $61,294 $63,796
2014 $69,978 $58,986 $60,841
2013 $69,134 $59,050 $62,186
2012 $68,512 $58,448 $60,388
2011 $68,763 $58,489 $61,022
2010 $69,953 $58,959 $62,982
2009 $71,663 $60,238 $62,551
2008 $74,083 $62,898 $66,758
2007 $74,267 $63,063 $68,439

Memphis Per Capita Income

The ACS 1-year survey shows the per capita income for Memphis was $28,016 in 2018. Compared to the median Tennessee per capita income, Memphis median per capita income is $1,268 lower. As with the median household and median family income numbers above, 2019 per capita income data for Memphis will be released in September of 2020.

Show dollars as: Nominal Real

Real Per Capita Income for Memphis Tennessee

2018 1 Year Change 3 Year Change
US $33,831 +1.94% +6.47%
Tennessee $29,284 -0.61% +5.39%
Memphis $28,016 -3.53% +0.37%

Trends in Memphis, TN Real Per Capita Income since 2005

The current per capita income for Memphis is $28,016. Real per capita income peaked in 2005 at $29,716 and is now $1,700 (5.72%) lower. From a post peak low of $26,160 in 2012, real per capita income for Memphis has now grown by $1,856 (7.09%).

Real Per Capita Income: Memphis, Tennessee, National

Historical Real Per Capita Income for Memphis

Date US Tennessee Memphis
2018 $33,831 $29,284 $28,016
2017 $33,187 $29,465 $29,040
2016 $32,573 $28,344 $28,265
2015 $31,775 $27,786 $27,913
2014 $30,672 $26,460 $26,370
2013 $30,431 $26,645 $27,093
2012 $29,934 $25,960 $26,160
2011 $29,884 $26,093 $26,741
2010 $30,077 $25,926 $26,452
2009 $30,984 $26,632 $26,509
2008 $32,255 $28,251 $29,614
2007 $32,400 $28,430 $29,448