Memphis, Tennessee 

144 Reviews | Review This Place | Photos and Maps

Economy in Memphis, Tennessee

Memphis has an unemployment rate of 4.6%. The US average is 3.9%.

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%)
Select Map Options
  • Unemployment Rate
  • Median HH Income
  • Recent Job Growth
  • Income < $15k
  • Income > $200k
  • Reset Map

  • View More Data >

    Reviews for Memphis    144 Reviews
    Not Home - 5/24/2019
    I was brought here by a wife who left me. I stay here because of my kids. There are also many good people I have met here, but on the whole I’d rather be back in my own... Read More

    Start Your Review of Memphis


    Total Pit! - 10/8/2018
    I have lived here for 2.5 gruelingly long years. It is difficult to say just how bad the city and the entire metro area is. The city is known for its crime and the... Read More

    A place to call home - 10/11/2017
    Greetings, I find Memphis to be one of my top pics for a place to retire. I love the price of the homes in the area. One would not have to settle for less in... Read More


    View More Data >

    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

    NEW LISTINGS IN MEMPHIS

    PREMIUM SUBSCRIPTION

    Includes Cost of Living compares for child care, utilities, transportation, health, taxes, housing for home owners vs renters, weather, insurance premiums and so much more.

    Try Now

    Join BestPlaces