Memphis, Tennessee

US Census Bureau ACS 5-Year Estimates ยท 2022

TNMajor City

Memphis Demographics Overview

Total Population
630,027
ACS 2022 estimate
Median Household Income
$48,090
Annual household income
โ–ผ 36% vs US avg
Median Home Value
$139,600
Owner-occupied homes
โ–ผ 50% vs US avg
Median Gross Rent
$1,050
Monthly rent (incl. utilities)
โ–ผ 10% vs US avg
Median Age
34.5 years
Median age of residents
โ–ผ 11% vs US avg

Income & Economy

Median Household Income
$48,090
US avg: $74,580
vs. National Median-35.5%

Housing

Median Home Value
$139,600
US avg: $281,900
Median Gross Rent
$1,050/mo
US avg: $1,163/mo
Rent vs. National Avg-9.7%

Population

Total Population630,027
Median Age
34.5 years
US avg: 38.9 yrs

Data Source

Data for Memphis comes from the US Census Bureau American Community Survey (ACS) 5-Year Estimates, covering the period 2018โ€“2022.

The ACS 5-Year estimates provide the most reliable demographic statistics available, especially for smaller communities, by pooling 5 years of survey data.

Learn more about the ACS โ†’

Memphis, TN โ€” Frequently Asked Questions

Common questions about Memphis demographics

What is the population of Memphis, Tennessee?

According to the US Census Bureau ACS 5-Year Estimates (2022), the population of Memphis, Tennessee is 630,027.

What is the median household income in Memphis?

The median household income in Memphis, Tennessee is $48,090 per year, according to the 2022 ACS 5-Year Estimates. The US national median household income is approximately $74,580.

What is the cost of living in Memphis?

Key cost indicators for Memphis, Tennessee:. Median home value: $139,600. Median gross rent: $1,050/month. Median household income: $48,090/year

What is the median home value in Memphis?

The median home value in Memphis, Tennessee is $139,600, compared to the national median of approximately $281,900.

What is the average age in Memphis?

The median age in Memphis, Tennessee is 34.5 years, compared to the US national median age of approximately 38.9 years.