Memphis, TN
MEMPHIS, TENNESSEE: Demographic and Financial Snapshot
(Last updated on 1.8.21)
AGE IN MEMPHIS, TENNESSEE
Age Range | Population | Percent |
20 to 24 years | 48,041 | 7.4% |
25 to 29 years | 60,352 | 9.3% |
30 to 34 years | 49,374 | 7.6% |
35 to 39 years | 42,920 | 6.6% |
40 to 44 years | 34,073 | 5.2% |
45 to 49 years | 36,473 | 5.6% |
50 to 54 years | 37,353 | 5.7% |
55 to 59 years | 38,918 | 6.0% |
60 to 64 years | 39,042 | 6.0% |
65 to 69 years | 30,534 | 4.7% |
70 to 74 years | 26,301 | 4.0% |
75 to 79 years | 17,015 | 2.6% |
80 to 84 years | 8,828 | 1.4% |
85+ years | 9,449 | 1.5% |
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
Ethnicity | Population | Percent |
White | 189,976 | 29.1% |
Black or African American | 419,526 | 64.2% |
American Indian and Alaska Native | 1,244 | 0.2% |
Asian | 10,179 | 1.6% |
Native Hawaiian and Other Pacific Islander | 114 | 0.0% |
Other | 21,938 | 3.4% |
Source: US Census; https://data.census.gov/cedsci
Survey/Program: American Community Survey (2018 estimates)
Data Point: Race
EDUCATION IN MEMPHIS, TENNESSEE
Education Level | Population | Percent |
Less than 9th grade | 21,444 | 5.1% |
9th to 12th grade, no diploma | 40,647 | 9.7% |
High school graduate (includes GED) | 128,072 | 30.6% |
Some college, no degree | 97,713 | 23.3% |
Associate’s degree | 23,386 | 5.6% |
Bachelor’s degree | 64,720 | 15.4% |
Graduate or professional degree | 42,941 | 10.3% |
High school graduate or higher | 356,832 | 85.2% |
Bachelor’s degree or higher | 107,661 | 25.7% |
Less than Bachelor’s degree | 311,262 | 74.3% |
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 Income | Percent |
Less than $10,000 | 11.3% |
$10,000 to $14,999 | 7.7% |
$15,000 to $24,999 | 14.5% |
$25,000 to $34,999 | 12.0% |
$35,000 to $49,999 | 14.5% |
$50,000 to $74,999 | 16.4% |
$75,000 to $99,999 | 9.0% |
$100,000 to $149,999 | 8.2% |
$150,000 to $199,999 | 3.0% |
$200,000 or more | 3.4% |
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 Level | Average 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
Population | Percent | |
Population 15+ years | 514,227 | NA |
Never married | 253,069 | 49.2% |
Now married (except separated) | 158,784 | 30.9% |
Separated | 18,688 | 3.6% |
Widowed | 28,854 | 5.6% |
Divorced | 54,832 | 10.7% |
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
Population | Percent | |
Living beneath poverty line | 137,977 | 21.7% |
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 units | 117,728 |
Renter-occupied housing units | 133,084 |
Single-family detached units | 179,793 |
Homeownership rate | 46.9% |
Vacancy rate | 16.2% |
Renters rate | 53.1% |
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 size | 2.54 |
Percent population 16 years and over in labor force | 63.2% |
Percent disabled | 13.7% |
Percent with health coverage | 85.5% |
Average travel time to work (in minutes) | 21.6 |
Percent workers using public transportation | 1.7% |
Percent veterans | 6.3% |
Percent foreign born | 6.2% |
Percent speaking Spanish at home | 3.0% |
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 collections | 45% |
Average debt in collections | $1,628 |
% with medical debt in collections | 19% |
Average medical debt in collections | $757 |
% with student loan debt | 21% |
Average student loan debt | $20,427 |
Average monthly student loan payment | $179 |
% with auto debt | 27% |
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
Year | Population | Percent |
January 2019 | 15,012 | 5.1% |
February 2019 | 13,100 | 4.4% |
March 2019 | 13,411 | 4.5% |
April 2019 | 11,968 | 4.0% |
May 2019 | 12,271 | 4.1% |
June 2019 | 15,465 | 5.1% |
July 2019 | 15,322 | 5.1% |
August 2019 | 13,512 | 4.5% |
September 2019 | 12,716 | 4.3% |
October 2019 | 12,175 | 4.1% |
November 2019 | 12,247 | 4.1% |
December 2019 | 12,127 | 4.1% |
January 2020 | 14,481 | 4.9% |
February 2020 | 14,431 | 4.9% |
March 2020 | 12,481 | 4.2% |
April 2020 | 41,008 | 14.5% |
May 2020 | 38,325 | 12.9% |
June 2020 | 45,198 | 15.3% |
July 2020 | 52,713 | 17.4% |
August 2020 | 52,336 | 16.3% |
September 2020 | 38,418 | 12.5% |
October 2020 | 41,016 | 13.1% |
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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