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 $50,984 in 2017, the latest figures available. Memphis median household income is $356 lower than the median Tennessee household income and $9,352 less than the US median household income. 2018 metro income data (including Memphis median household income) will be released in September of 2019. Median family and per capita income for Memphis are shown below.

Show dollars as: Nominal Real

Real Median Household Income for Memphis Tennessee

2017 1 Year Change 3 Year Change
US $60,336 +2.51% +8.49%
Tennessee $51,340 +3.53% +11.66%
Memphis $50,984 +0.20% +7.30%

Trends in Memphis, TN Real Median Household Income since 2005

The current median household income for Memphis is $50,984. Real median household income peaked in 2007 at $54,191 and is now $3,207 (5.92%) lower. From a post peak low of $47,515 in 2014, real median household income for Memphis has now grown by $3,469 (7.30%).

Real Median Household Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Household Income for Memphis

Date US Tennessee Memphis
2017 $60,336 $51,340 $50,984
2016 $58,856 $49,591 $50,880
2015 $57,709 $48,915 $50,207
2014 $55,613 $45,978 $47,515
2013 $55,072 $46,689 $49,498
2012 $54,948 $45,741 $48,868
2011 $55,162 $45,540 $49,582
2010 $56,388 $46,715 $51,127
2009 $57,519 $47,788 $49,973
2008 $59,382 $49,778 $52,681
2007 $60,135 $50,212 $54,191
2006 $59,051 $49,135 $51,301

Memphis Family Income

The ACS 1-year data shows the median family income for Memphis was $63,021 in 2017. Compared to the median Tennessee family income, Memphis median family income is $95 higher. As with the median household income data, 2018 family income data for Memphis will be released in September of 2019.

Show dollars as: Nominal Real

Real Median Family Income for Memphis Tennessee

2017 1 Year Change 3 Year Change
US $73,891 +1.79% +8.17%
Tennessee $62,926 +1.55% +9.28%
Memphis $63,021 +0.64% +6.11%

Trends in Memphis, TN Real Median Family Income since 2005

The current median family income for Memphis is $63,021. Real median family income peaked in 2007 at $66,811 and is now $3,790 (5.67%) lower. From a post peak low of $58,950 in 2012, real median family income for Memphis has now grown by $4,071 (6.91%).

Real Median Family Income: Memphis, Tennessee, National

Historical Inflation Adjusted Median Family Income for Memphis

Date US Tennessee Memphis
2017 $73,891 $62,926 $63,021
2016 $72,591 $61,964 $62,623
2015 $70,627 $59,836 $62,278
2014 $68,313 $57,582 $59,393
2013 $67,488 $57,645 $60,705
2012 $66,880 $57,056 $58,950
2011 $67,126 $57,097 $59,570
2010 $68,289 $57,556 $61,484
2009 $69,958 $58,805 $61,062
2008 $72,321 $61,402 $65,170
2007 $72,500 $61,563 $66,811
2006 $71,330 $60,700 $62,824

Memphis Per Capita Income

The ACS 1-year survey shows the per capita income for Memphis was $28,349 in 2017. Compared to the median Tennessee per capita income, Memphis median per capita income is $415 lower. As with the median household and median family income numbers above, 2018 per capita income data for Memphis will be released in September of 2019.

Show dollars as: Nominal Real

Real Per Capita Income for Memphis Tennessee

2017 1 Year Change 3 Year Change
US $32,397 +1.88% +8.20%
Tennessee $28,764 +3.95% +11.35%
Memphis $28,349 +2.74% +10.13%

Trends in Memphis, TN Real Per Capita Income since 2005

The current per capita income for Memphis is $28,349. Real per capita income peaked in 2005 at $29,008 and is now $659 (2.27%) lower. From a post peak low of $25,537 in 2012, real per capita income for Memphis has now grown by $2,812 (11.01%).

Real Per Capita Income: Memphis, Tennessee, National

Historical Real Per Capita Income for Memphis

Date US Tennessee Memphis
2017 $32,397 $28,764 $28,349
2016 $31,798 $27,670 $27,592
2015 $31,019 $27,125 $27,249
2014 $29,942 $25,831 $25,742
2013 $29,706 $26,011 $26,448
2012 $29,221 $25,342 $25,537
2011 $29,173 $25,472 $26,104
2010 $29,361 $25,309 $25,823
2009 $30,246 $25,998 $25,878
2008 $31,488 $27,579 $28,910
2007 $31,629 $27,754 $28,747
2006 $30,795 $26,903 $27,399