Memphis is home to 1,341,924 people. 6% of residents were born outside the United States. The typical home is worth $247,224, having more than doubled since 2000. About 31% of adults have finished a four-year degree. 16.6% of residents live below the federal poverty line. The median household earns $67,403, about 18% below the national median.
At a glance
Lower income
median household income $67,403, below the US median
US median: $82,259
Younger
median age 36.9
US median: 38.9
Average education
31% hold a bachelor's degree
US average: 36%
Less affordable
home values up 53%, inflation adjusted
US median home: $376,019
Unique to this place
What stands out about Memphis
What changed most since 1990
Black share41.0% → 46.3%(+5.3 pts)US over the same years: +0.2 pts
Among the 27 metro and micro areas based in Tennessee
Shares are "alone or in combination": a person with both Medicare and Medicaid counts in each, so categories overlap and do not sum to 100%.
Section 09 · Service history
Veterans
Veterans by period of service, 2024
Gulf War (2001 or later)25.5%(16,136)
US avg: 26.4%
Gulf War (1990s)28.8%(18,215)
US avg: 24.3%
Vietnam era30.8%(19,437)
US avg: 33.1%
Korean War2.7%(1,723)
US avg: 4.5%
World War II0.5%(305)
US avg: 1%
Share of the 63,169 veterans here. A veteran who served across eras counts in each, so shares can total more than 100%. Peacetime-only service is included in the total but not shown as an era.
BAR + DOT: THIS PLACE · TICK: US AVERAGE
Over time
Memphis, decade by decade
Memphis population, inflation-adjusted income and home value, education, and diversity by year
Year
Population
Median household income
Median home value
Bachelor's degree+
Diversity score
1990
1,075,309
$63,255
$149,971
18.1%
61.0
2000
1,213,230
$71,866
$161,884
21.9%
67.7
2010
1,324,829
$66,235
$192,786
24.5%
72.0
2020
1,345,425
$66,299
$193,807
28.8%
76.9
2024
1,341,924
$67,403
$247,224
31.1%
73.3
Census years come from the decennial census and the latest year from the American Community Survey, so part of any change between those two rows can reflect the different surveys. Dollar figures are adjusted for inflation to 2024 dollars; a figure ending in "+" was at the Census Bureau's reporting cap that year. The diversity score runs from 0 to 100; see how it's calculated.