COMPARING TWO PLACES
Memphis vs Palmetto
PLACE A
Memphis, Florida
VS
PLACE B
Palmetto, Florida
Memphis is 32% smaller than Palmetto. Memphis earns more, with a median household income $12,218 higher. Memphis has grown faster since 2000 (15% vs 6%).
MEMPHISPALMETTODIFFERENCE
Total population9,18513,562−32% vs Palmetto
Population density2,8242,527+297
Population growth15.0%5.7%+9.3 pts
Median age36.749.8−13.1
Male51.4%47.4%+4.0 pts
Female48.6%52.6%−4.0 pts
Foreign-born16.0%10.4%+5.6 pts
White, non-Hispanic35.4%62.7%−27.3 pts
Black28.6%10.5%+18.1 pts
Hispanic / Latino31.5%23.7%+7.8 pts
Asian1.2%0.1%+1.1 pts
Other3.3%3.0%+0.3 pts
Median household income$74,839$62,621+$12,218
Per capita income$35,148$39,890−$4,742
Poverty rate14.2%13.5%+0.7 pts
Income inequality (Gini)0.4810.511−0.0
Bachelor's degree or higher22.5%28.1%−5.6 pts
Graduate degree7.4%8.1%−0.6 pts
Unemployment rate8.1%2.6%+5.6 pts
Labor force participation69.6%52.8%+16.8 pts
Median home value$313,800$313,400+$400
Median gross rent$1,173$1,366−$193
Owner-occupied81.2%68.8%+12.4 pts
Housing vacancy rate23.3%25.9%−2.6 pts
Rent-burdened households56.2%55.6%+0.7 pts
Average commute26.925.5+1.4
Worked from home6.4%11.0%−4.6 pts
Public transit to work0.0%0.4%−0.4 pts
Uninsured12.4%15.0%−2.6 pts
Population, 1990 – 2024