2025 Compare Cities Economy:
Madison, IN vs Memphis, TN

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Highlights
- Household income in Memphis, is 7% less than it is in Madison and is 57% below the National Average.
- Madison unemployment rate is 4.3%.
- Memphis unemployment rate is 8.0%.
 Madison, INMemphis, TNUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock2.1%1.6%
 Future Job Growth22.3%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$26,459  Unlock$37,638
 Household Income  Unlock$43,981$69,021
 Family Median Income$67,121  Unlock$85,028
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 Est. Households By Income
 Madison, INMemphis, TNUnited States
 Income Less Than 15K  Unlock17.7%9.4%
 Income between 15K and 20K4.3%  Unlock3.8%
 Income between 20K and 30K  Unlock12.0%8.1%
 Income between 30K and 40K8.7%  Unlock8.0%
 Income between 40K and 50K  Unlock9.2%7.6%
 Income between 50K and 60K11.9%  Unlock7.2%
 Income between 60K and 75K  Unlock9.2%9.6%
 Income between 75K and 100K13.5%  Unlock12.8%
 Income between 100K and 150K  Unlock9.6%16.3%
 Income between 150K and 200K4.6%  Unlock7.8%
 Income greater than 200K  Unlock4.7%9.5%
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 Population By Occupation
 Madison, INMemphis, TNUnited States
 Management, business, finance14.9%  Unlock16.4%
 Engineering, computers, science  Unlock3.7%6.5%
 Community, social services4.0%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library5.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology3.5%  Unlock6.2%
 Healthcare support  Unlock3.4%3.3%
 Firefighters, law enforcement2.7%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance4.2%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support20.0%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair3.9%  Unlock8.1%
 Production, transportation, material moving  Unlock20.7%13.1%
Reviews for Madison    5 Reviews

We have one of the best schools in Indiana (Shaw) and a great downtown area, with something going on all the time. Come join the  More

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We visited downtown Madison over the weekend and had a great, great time! One of the court house which had burned down was sad, but ran into a few great stores. One  More

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Over 17 years ago

Nothing much to do. Low crime  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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