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

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Highlights
- Household income in Memphis, is 6% more than it is in Richmond and is 57% below the National Average.
- Richmond unemployment rate is 5.5%.
- Memphis unemployment rate is 8.0%.
 Richmond, INMemphis, TNUnited States
 Unemployment Rate  Unlock8.0%6.0%
 Recent Job Growth  Unlock2.1%1.6%
 Future Job Growth29.6%  Unlock33.5%
 Sales Taxes7.0%  Unlock6.2%
 Income Taxes  Unlock0.0%4.6%
 Income per Cap.$23,880  Unlock$37,638
 Household Income  Unlock$43,981$69,021
 Family Median Income$55,433  Unlock$85,028
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 Est. Households By Income
 Richmond, INMemphis, TNUnited States
 Income Less Than 15K  Unlock17.7%9.4%
 Income between 15K and 20K8.9%  Unlock3.8%
 Income between 20K and 30K  Unlock12.0%8.1%
 Income between 30K and 40K11.4%  Unlock8.0%
 Income between 40K and 50K  Unlock9.2%7.6%
 Income between 50K and 60K8.5%  Unlock7.2%
 Income between 60K and 75K  Unlock9.2%9.6%
 Income between 75K and 100K10.2%  Unlock12.8%
 Income between 100K and 150K  Unlock9.6%16.3%
 Income between 150K and 200K1.9%  Unlock7.8%
 Income greater than 200K  Unlock4.7%9.5%
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 Population By Occupation
 Richmond, INMemphis, TNUnited States
 Management, business, finance11.9%  Unlock16.4%
 Engineering, computers, science  Unlock3.7%6.5%
 Community, social services3.2%  Unlock1.8%
 Legal  Unlock0.9%1.2%
 Education, library6.3%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.5%2.0%
 Healthcare practitioners and technology5.9%  Unlock6.2%
 Healthcare support  Unlock3.4%3.3%
 Firefighters, law enforcement1.3%  Unlock2.1%
 Food preparation, serving  Unlock6.1%5.4%
 Building maintenance3.6%  Unlock3.6%
 Personal care  Unlock2.4%2.6%
 Sales, office, administrative support19.1%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.2%0.6%
 Construction, extraction, maintenance/repair7.7%  Unlock8.1%
 Production, transportation, material moving  Unlock20.7%13.1%
Reviews for Richmond    5 Reviews

do you see any changes no and lot of people don't even vote in this poverty retirement town. most of the educated people have left Richmond and Indiana all together. Be  More

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Over 12 years ago

Richmond is an attractive city for the most part, but for its population there is way to much crime. The police seem to worry more about petty issues like driving  More

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Over 14 years ago

Richmond is a great city homes here are very reasonable to buy. We have great parks. And lots of things to do for a town our size. I was born here so were my parents and  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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