2025 Compare Cities Economy:
Boone, NC vs Memphis, TN

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Highlights
- Household income in Memphis, is 78% more than it is in Boone and is 57% below the National Average.
- Boone unemployment rate is 3.4%.
- Memphis unemployment rate is 8.0%.
 Boone, NCMemphis, TNUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock2.1%1.6%
 Future Job Growth38.6%  Unlock33.5%
 Sales Taxes6.8%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$14,057  Unlock$37,638
 Household Income  Unlock$43,981$69,021
 Family Median Income$64,187  Unlock$85,028
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 Est. Households By Income
 Boone, NCMemphis, TNUnited States
 Income Less Than 15K  Unlock17.7%9.4%
 Income between 15K and 20K7.4%  Unlock3.8%
 Income between 20K and 30K  Unlock12.0%8.1%
 Income between 30K and 40K7.2%  Unlock8.0%
 Income between 40K and 50K  Unlock9.2%7.6%
 Income between 50K and 60K3.8%  Unlock7.2%
 Income between 60K and 75K  Unlock9.2%9.6%
 Income between 75K and 100K6.3%  Unlock12.8%
 Income between 100K and 150K  Unlock9.6%16.3%
 Income between 150K and 200K2.1%  Unlock7.8%
 Income greater than 200K  Unlock4.7%9.5%
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 Population By Occupation
 Boone, NCMemphis, TNUnited States
 Management, business, finance9.9%  Unlock16.4%
 Engineering, computers, science  Unlock3.7%6.5%
 Community, social services2.3%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library14.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology1.6%  Unlock6.2%
 Healthcare support  Unlock3.4%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance1.1%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support28.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair3.6%  Unlock8.1%
 Production, transportation, material moving  Unlock20.7%13.1%
Reviews for Boone    15 Reviews

Not sure where they got the rents from. Maybe not updated as there is nowhere to rent in Boone. Unless a student and they are paying $1000+ for 1 bedroom/bath shared  More

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Over 11 years ago

Boone and the High Country's climate is unique to North Carolina and the Southeast. It's cool summers and snowy winters are much more comparable to places much farther  More

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The area is beautiful - living in the Blue Ridge Mountains is gorgeous. But .. the views don't pay the bills. Housing is overpriced. You are better off living  More

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Reviews for Memphis    148 Reviews

I was mugged my very first night in Memphis. They tried to take my iPhone. I was walking only a block from my house in a "safe" area, too.  More

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Memphis is a city with a history of civil rights, slavery , blues and rockn'roll music. It's a great place for a weekend getaway. This city has lots of great things to  More

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Over 5 years ago

Do you like being panhandled every 30 seconds? Love that cool ambiance of gangs? Are drugs your thing? Then you will love Memphis. Had good times here in the 90’s, the  More

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