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

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Highlights
- Household income in Madison, is 246% more than it is in Memphis and is 55% above the National Average.
- Memphis unemployment rate is 8.0%.
- Madison unemployment rate is 6.2%.
 Memphis, TNMadison, NJUnited States
 Unemployment Rate  Unlock6.2%6.0%
 Recent Job Growth  Unlock-0.7%1.6%
 Future Job Growth36.6%  Unlock33.5%
 Sales Taxes9.3%  Unlock6.2%
 Income Taxes  Unlock5.5%4.6%
 Income per Cap.$28,258  Unlock$37,638
 Household Income  Unlock$152,346$69,021
 Family Median Income$54,745  Unlock$85,028
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 Est. Households By Income
 Memphis, TNMadison, NJUnited States
 Income Less Than 15K  Unlock4.3%9.4%
 Income between 15K and 20K5.3%  Unlock3.8%
 Income between 20K and 30K  Unlock2.8%8.1%
 Income between 30K and 40K10.9%  Unlock8.0%
 Income between 40K and 50K  Unlock4.3%7.6%
 Income between 50K and 60K8.1%  Unlock7.2%
 Income between 60K and 75K  Unlock6.1%9.6%
 Income between 75K and 100K9.6%  Unlock12.8%
 Income between 100K and 150K  Unlock15.7%16.3%
 Income between 150K and 200K3.6%  Unlock7.8%
 Income greater than 200K  Unlock36.5%9.5%
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 Population By Occupation
 Memphis, TNMadison, NJUnited States
 Management, business, finance12.5%  Unlock16.4%
 Engineering, computers, science  Unlock9.1%6.5%
 Community, social services1.8%  Unlock1.8%
 Legal  Unlock3.1%1.2%
 Education, library5.5%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock3.5%2.0%
 Healthcare practitioners and technology5.7%  Unlock6.2%
 Healthcare support  Unlock0.2%3.3%
 Firefighters, law enforcement2.8%  Unlock2.1%
 Food preparation, serving  Unlock1.8%5.4%
 Building maintenance4.5%  Unlock3.6%
 Personal care  Unlock3.5%2.6%
 Sales, office, administrative support21.9%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair6.4%  Unlock8.1%
 Production, transportation, material moving  Unlock6.7%13.1%
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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Reviews for Madison    3 Reviews

I grew up in Madison, and while I seriously appreciate what growing up in the town had to offer, it was a town that I grew out of pretty fast. Madison is small, with  More

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Over 12 years ago

Madison is  More

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Over 15 years ago

The Borough of Madison is located in Morris County. It is 23 miles by car, west of New York City and sits on the Mid-Town Direct rail line. Madison is well know for its  More

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