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2024 Compare Cities Economy:
Memphis, MI vs Richmond, MI

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Highlights
- Household income in Richmond, is 11% more than it is in Memphis and is 18% below the National Average.
- Memphis unemployment rate is 4.3%.
- Richmond unemployment rate is 4.3%.

Economy
 Memphis, MIRichmond, MIUnited States
 Unemployment Rate4.3%4.3%6.0%
 Recent Job Growth0.2%0.2%1.6%
 Future Job Growth37.4%37.4%33.5%
 Sales Taxes6.0%6.0%6.2%
 Income Taxes4.3%4.3%4.6%
 Income per Cap.$24,606$28,836$37,638
 Household Income$52,868$58,684$69,021
 Family Median Income$75,833$92,933$85,028
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 Est. Households By Income
 Memphis, MIRichmond, MIUnited States
 Income Less Than 15K18.1%7.5%9.4%
 Income between 15K and 20K8.6%10.4%3.8%
 Income between 20K and 30K7.7%6.5%8.1%
 Income between 30K and 40K5.4%6.6%8.0%
 Income between 40K and 50K9.5%9.3%7.6%
 Income between 50K and 60K8.4%11.8%7.2%
 Income between 60K and 75K9.1%8.1%9.6%
 Income between 75K and 100K15.2%10.4%12.8%
 Income between 100K and 150K17.2%19.3%16.3%
 Income between 150K and 200K0.7%7.8%7.8%
 Income greater than 200K0.0%2.2%9.5%
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 Population By Occupation
 Memphis, MIRichmond, MIUnited States
 Management, business, finance7.4%18.7%16.4%
 Engineering, computers, science1.6%5.2%6.5%
 Community, social services0.0%0.7%1.8%
 Legal0.0%0.0%1.2%
 Education, library8.0%2.2%6.2%
 Arts, design, media, sports, entertainment1.0%1.6%2.0%
 Healthcare practitioners and technology7.4%7.6%6.2%
 Healthcare support5.1%3.4%3.3%
 Firefighters, law enforcement2.2%1.7%2.1%
 Food preparation, serving10.2%3.6%5.4%
 Building maintenance2.5%2.1%3.6%
 Personal care5.7%4.9%2.6%
 Sales, office, administrative support13.9%20.6%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair12.5%5.8%8.1%
 Production, transportation, material moving22.5%21.7%13.1%

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Reviews for Memphis    0 Reviews

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Reviews for Richmond    1 Reviews

Over 17 years ago

The City of Richmond is surrounded by the much larger rural area of Richmond Township. It has very beautiful old buildings and a two mile long main street. The schools  More

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ZIPS IN MEMPHIS, MICHIGAN
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ZIPS IN RICHMOND, MICHIGAN
48062

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