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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