Tennessee · Census place 48000
Memphis city, TN
Quick answer
Memphis city has 629,063 residents, ranking #2 of 504 places in Tennessee. Median household income is $51,211, the median home is worth $157,100 and median gross rent runs $1,123 a month.
- Population
- 629,063Memphis city residents
- Median household income
- $51,211Past 12 months, inflation adjusted
- Median home value
- $157,100Owner-occupied units
- Median gross rent
- $1,123Rent plus utilities, monthly
- Median age
- 34.3 yrsAll residents
- Homeownership rate
- 46%Owner-occupied households
What the numbers mean in Memphis city
Housing cost measured against local earnings.
A household earning the Memphis city median would spend about 26.3% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 22.5% of residents and 46% of households own their home.
Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year
Compare with nearby places
Places of similar size in Tennessee.
- Nashville-Davidson metropolitan government (balance) 684,298
- Knoxville city 193,721
- Chattanooga city 182,832
- Clarksville city 171,897
- Murfreesboro city 157,547
Keep going
More Tennessee coverage.