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 $54,859 in 2019, the latest figures available. Memphis median household income is $1,212 lower than the median Tennessee household income and $10,853 less than the US median household income. 2020 metro income data (including Memphis median household income) will be released in September of 2021. Median family and per capita income for Memphis are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Memphis Tennessee

2019 1 Year Change 3 Year Change
US $65,712 +4.21% +7.05%
Tennessee $56,071 +5.15% +8.41%
Memphis $54,859 +7.04% +3.38%

Trends in Memphis, TN Real Median Household Income since 2005

The current median household income for Memphis is $54,859. Real median household income peaked in 2007 at $56,518 and is now $1,659 (2.94%) lower. From a post peak low of $49,555 in 2014, real median household income for Memphis has now grown by $5,304 (10.70%).

Real Median Household Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Household Income for Memphis

Date US Tennessee Memphis
2019 $65,712 $56,071 $54,859
2018 $63,059 $53,324 $51,250
2017 $62,927 $53,544 $53,173
2016 $61,383 $51,720 $53,065
2015 $60,187 $51,015 $52,363
2014 $58,001 $47,952 $49,555
2013 $57,437 $48,694 $51,624
2012 $57,307 $47,705 $50,966
2011 $57,531 $47,496 $51,711
2010 $58,809 $48,721 $53,322
2009 $59,988 $49,840 $52,119

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Memphis Family Income

The ACS 1-year data shows the median family income for Memphis was $68,543 in 2019. Compared to the median Tennessee family income, Memphis median family income is $1,450 lower. As with the median household income data, 2020 family income data for Memphis will be released in September of 2021.

Show dollars as: Nominal Real

Real Median Family Income for Memphis Tennessee

2019 1 Year Change 3 Year Change
US $80,944 +4.06% +6.92%
Tennessee $69,993 +4.71% +8.31%
Memphis $68,543 +3.78% +4.95%

Trends in Memphis, TN Real Median Family Income since 2005

The current median family income for Memphis is $68,543. Real median family income peaked in 2007 at $69,679 and is now $1,136 (1.63%) lower. From a post peak low of $61,481 in 2012, real median family income for Memphis has now grown by $7,062 (11.49%).

Real Median Family Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Family Income for Memphis

Date US Tennessee Memphis
2019 $80,944 $69,993 $68,543
2018 $77,786 $66,846 $66,049
2017 $77,064 $65,628 $65,727
2016 $75,707 $64,624 $65,311
2015 $73,660 $62,405 $64,953
2014 $71,246 $60,055 $61,943
2013 $70,386 $60,120 $63,312
2012 $69,752 $59,506 $61,481
2011 $70,009 $59,549 $62,128
2010 $71,221 $60,027 $64,124
2009 $72,962 $61,330 $63,684

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Memphis Per Capita Income

The ACS 1-year survey shows the per capita income for Memphis was $30,690 in 2019. Compared to the median Tennessee per capita income, Memphis median per capita income is $534 lower. As with the median household and median family income numbers above, 2020 per capita income data for Memphis will be released in September of 2021.

Show dollars as: Nominal Real

Real Per Capita Income for Memphis Tennessee

2019 1 Year Change 3 Year Change
US $35,672 +3.57% +7.57%
Tennessee $31,224 +4.73% +8.20%
Memphis $30,690 +7.59% +6.65%

Trends in Memphis, TN Real Per Capita Income since 2005

At $30,690, the per capita income for Memphis was at a new inflation adjusted high in 2019.

Real Per Capita Income: Memphis, Tennessee, National

Historical Real Per Capita Income for Memphis

Date US Tennessee Memphis
2019 $35,672 $31,224 $30,690
2018 $34,444 $29,815 $28,524
2017 $33,788 $29,999 $29,566
2016 $33,163 $28,858 $28,777
2015 $32,351 $28,290 $28,419
2014 $31,228 $26,940 $26,848
2013 $30,982 $27,128 $27,584
2012 $30,476 $26,430 $26,634
2011 $30,425 $26,566 $27,225
2010 $30,622 $26,396 $26,932
2009 $31,545 $27,115 $26,989

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