Memphis, Tennessee 

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Economy in Memphis, Tennessee

Memphis has an unemployment rate of 5.5%. The US average is 3.7%.

Memphis has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.

Tax Rates for Memphis
- The Sales Tax Rate for Memphis is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Memphis is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Memphis
- The average income of a Memphis resident is $21,909 a year. The US average is $28,555 a year.
- The Median household income of a Memphis resident is $37,099 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYMemphis, TennesseeUnited States
  5.5%3.7%
  2.1%1.6%
  36.6%33.5%
  9.3%6.2%
  0.0%4.6%
  $23,629$31,177
  $38,230$57,652
  $45,673$70,850
  POPULATION BY OCCUPATION
  0.2%1.3%
  0.0%0.6%
  5.2%6.2%
  8.2%10.4%
  3.4%2.7%
  11.3%11.6%
  11.4%4.1%
  0.6%0.9%
  1.6%2.1%
  3.3%4.7%
  1.7%1.9%
  4.0%6.7%
  0.1%0.1%
  6.6%4.3%
  8.5%9.3%
  14.2%13.8%
  2.0%2.2%
  8.3%7.4%
  5.1%4.9%
  4.4%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    Reviews for Memphis    147 Reviews
    It’s Memphis - 12/22/2019
    I’ve lived in and also around the city of Memphis Tennessee since 94’ and it really has not changed one bit. The ignorance in this city is rampant and racism is alive... Read More

    Start Your Review of Memphis


    Lack of Culture and Diversity - 11/17/2019
    I lived here for two years for work. I’m from the North, and I was looking forward to milder winters. Well, that is all Memphis had to offer me. Generational,... Read More
    Sharon |  | Reply | 2 Replies

    Not for me - 10/27/2019
    Didn't like it. People are not very friendly, which is surprising, since it's a Southern city. Sorta. There were signs everywhere that said "Be Nice, Or Leave". Great... Read More


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    COMPARE COST OF LIVING
    Compare Memphis, Tennessee to any other place in the USA.

    MAPS OF MEMPHIS, TENNESSEE
    Check out the latest Maps in a variety of categories including cost of living, population, and commute time.Memphis,Tennessee Map
    ZIP CODES IN MEMPHIS, TENNESSEE
    38016, 38128, 38127, 38134, 38109, 38111, 38115, 38116, 38118, 38018, ... 30 more

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