Memphis, TN

MEMPHIS, TENNESSEE: Demographic and Financial Snapshot

(Last updated on 1.8.21)

 

AGE IN MEMPHIS, TENNESSEE

Age RangePopulationPercent
20 to 24 years48,0417.4%
25 to 29 years60,3529.3%
30 to 34 years49,3747.6%
35 to 39 years42,9206.6%
40 to 44 years34,0735.2%
45 to 49 years36,4735.6%
50 to 54 years37,3535.7%
55 to 59 years38,9186.0%
60 to 64 years39,0426.0%
65 to 69 years30,5344.7%
70 to 74 years26,3014.0%
75 to 79 years17,0152.6%
80 to 84 years8,8281.4%
85+ years9,4491.5%

The median age in Memphis is 34.6 years

Source: US Census Data; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Age

 

ETHNICITY IN MEMPHIS, TENNESSEE

EthnicityPopulationPercent
White189,97629.1%
Black or African American419,52664.2%
American Indian and Alaska Native1,2440.2%
Asian10,1791.6%
Native Hawaiian and Other Pacific Islander1140.0%
Other21,9383.4%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Race

 

EDUCATION IN MEMPHIS, TENNESSEE

Education LevelPopulationPercent
Less than 9th grade21,4445.1%
9th to 12th grade, no diploma40,6479.7%
High school graduate (includes GED)128,07230.6%
Some college, no degree97,71323.3%
Associate’s degree23,3865.6%
Bachelor’s degree64,72015.4%
Graduate or professional degree42,94110.3%
High school graduate or higher356,83285.2%
Bachelor’s degree or higher107,66125.7%
Less than Bachelor’s degree311,26274.3%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Education (population 25+ years)

 

HOUSEHOLD INCOME IN MEMPHIS, TENNESSEE

Annual Household IncomePercent
Less than $10,00011.3%
$10,000 to $14,9997.7%
$15,000 to $24,99914.5%
$25,000 to $34,99912.0%
$35,000 to $49,99914.5%
$50,000 to $74,99916.4%
$75,000 to $99,9999.0%
$100,000 to $149,9998.2%
$150,000 to $199,9993.0%
$200,000 or more3.4%

Median household income: $39,108

Mean household income: $59,730

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Household Income

 

HOUSEHOLD INCOME BY EDUCATION IN MEMPHIS, TENNESSEE

Education LevelAverage Income
Less than high school graduate$19,782
High school graduate (includes GED)$24,966
Some college or Associate’s degree$29,055
Bachelor’s degree$45,364
Graduate or professional degree$60,895

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Median earnings in past 12 months by education (population 25+ years with earnings)

 

MARITAL STATUS IN MEMPHIS, TENNESSEE

 PopulationPercent
Population 15+ years 514,227 NA
Never married253,06949.2%
Now married (except separated)158,78430.9%
Separated18,6883.6%
Widowed28,8545.6%
Divorced54,83210.7%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Marital Status for population 15 years and over

 

POVERTY STATUS IN MEMPHIS, TENNESSEE

 PopulationPercent
Living beneath poverty line137,97721.7%

Source: US Census; https://data.census.gov/cedsci
Survey/Program
: American Community Survey (2018 estimates)
Data Point
: Poverty Rate

 

HOUSING IN MEMPHIS, TENNESSEE

Owner-occupied housing units117,728
Renter-occupied housing units133,084
Single-family detached units179,793
Homeownership rate46.9%
Vacancy rate16.2%
Renters rate53.1%
Average housing value$147,698
Average monthly owner cost (with mortgage)$866
Average rent$703

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Housing Characteristics

 

SOCIOECONOMIC CHARACTERISTICS IN MEMPHIS, TENNESSEE

Average income$59,730
Average household size2.54
Percent population 16 years and over in labor force63.2%
Percent disabled13.7%
Percent with health coverage85.5%
Average travel time to work (in minutes)21.6
Percent workers using public transportation1.7%
Percent veterans6.3%
Percent foreign born6.2%
Percent speaking Spanish at home3.0%

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Socioeconomic Characteristics

 

CONSUMER SPENDING IN MEMPHIS, TENNESSEE

Total consumer expenditures per household$53,662.34
Alcoholic beverages$407.60
Alcoholic beverages consumed at home$240.72
Beer consumed away from home$72.70
Wine consumed away from home$34.83
Apparel & services$1,570.91
Men’s apparel$297.43
Women’s apparel$524.21
Children’s apparel$239.92
Boys’ apparel$81.95
Girls’ apparel$90.93
Footwear$361.36
Dining out (food away from home)$2,684.01
Dining out – Breakfast$275.80
Dining out – Lunch$839.69
Dining out – Dinner$1,241.64
Education$1,086.88
Entertainment / recreation$2,301.74
Club membership fees$159.24
Dating services$0.66
Pet food$186.23
Pet services$44.49
Food consumed at home$3,802.44
Bakery products consumed at home$498.61
Dairy products consumed at home$384.91
Fruits and vegetables consumed at home$735.10
Meat, poultry, fish, eggs consumed at home$851.37
Nonalcoholic beverages consumed at home$379.26
Snacks / other food products consumed at home$1,332.44
Health care$4,241.88
Medical services$761.25
Nonprescription drugs$106.08
Household Services$1,456.44
Care for the elderly and handicapped$58.17
Lawn and garden services$302.83
Housekeeping services$118.95
PC repair$4.91
Housing$17,014.06
Home improvements$1,719.29
Utilities, fuel, and public services$3,639.81
Phone services$1,322.22
Water$527.71
Life and other insurance$314.19
Pensions and social security$5,582.68
Personal care products and services$645.71
Hair care products$78.03
Personal care products$272.59
Local transportation$6,286.18
Gasoline$1,660.14
Vehicle maintenance and repair$839.05
Travel$1,508.24
Airline fares$366.17
Auto / truck rental on trips$17.61
Lodging on trips$411.34
Food and drink on trips$366.62
Entertainment on trips$128.64

Source: US Census; https://cbb.census.gov/rae/#
Survey/Program
: 2009-2013 and the 2014-2018 American Community Survey 5-Year Estimates
Data Point
: Consumer Spending (Consumer expenditures per household)

 

DEBT IN SHELBY COUNTY (home to MEMPHIS, TENNESSEE)

% with any debt in collections45%
Average debt in collections$1,628
% with medical debt in collections19%
Average medical debt in collections$757
% with student loan debt21%
Average student loan debt$20,427
Average monthly student loan payment$179
% with auto debt27%

Source: Urban Institute; https://apps.urban.org/features/debt-interactive-map/
Survey/Program
: Data from credit bureau data (2018) + the US Census Bureau’s American Community Survey (2017)
Data Point
: Consumer Debt

 

UNEMPLOYMENT IN MEMPHIS, TENNESSEE

YearPopulationPercent
January 201915,0125.1%
February 201913,1004.4%
March 201913,4114.5%
April 201911,9684.0%
May 201912,2714.1%
June 201915,4655.1%
July 201915,3225.1%
August 201913,5124.5%
September 201912,7164.3%
October 201912,1754.1%
November 201912,2474.1%
December 201912,1274.1%
January 202014,4814.9%
February 202014,4314.9%
March 202012,4814.2%
April 202041,00814.5%
May 202038,32512.9%
June 202045,19815.3%
July 202052,71317.4%
August 202052,33616.3%
September 202038,41812.5%
October 202041,01613.1%

Source: US Bureau of Labor Statistics; https://www.bls.gov/lau/data.htm
Survey/Program
: Local Area Employment Statistics
Data Point
: Unemployment totals (not seasonally adjusted)

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