38141
Memphis, TN
Total Population
Median Household Income
Median Home Value
Median Rent
About Memphis, TN
Comprehensive Neighborhood Analysis
Neighborhood Profile
Memphis, TN in Shelby represents a thriving suburban community with approximately 23,123 residents. This middle income area is characterized by a affordable housing market, with median home values around $136,000 and a median household income of $67,584.
The community features a active, family-oriented residents, with a median age of 33.4 years. Residents benefit from a varied educational attainment levels, contributing to a diverse and vibrant local culture. The area's economic landscape reflects its demographic composition, with household incomes and property values aligned with broader regional trends.
Medium-sized community with diverse demographics
Middle income earning profile
Affordable housing market
Quality of Life Overview
Our comprehensive analysis evaluates Memphis, TN across multiple quality-of-life dimensions including amenities access, cost of living, safety metrics, educational opportunities, and climate conditions. The overall livability score of 74/10 reflects these combined factors, providing residents and prospective movers with data-driven insights into the area's living standards.
Key Insights
What the data tells us about this area
Median household income is 100% higher than the state average, indicating an affluent area.
Home values are 100% higher than the state average. This area has a competitive real estate market.
Median age of 33 years indicates a younger, dynamic community with potential for growth.
Quick Facts & Insights
Key metrics and how they compare
Livability Score
Overall quality of life rating based on key factors
Score Breakdown
Expert Analysis & Insights
Data-Driven Community Assessment
Our team of data analysts and urban planning experts have evaluated Memphis, TN across multiple dimensions to provide you with actionable insights. These findings are based on comprehensive analysis of demographic trends, economic indicators, housing market dynamics, and quality of life factors.
Excellent Housing Affordability
StrengthWith a home price-to-income ratio of 2.0:1, homes in Memphis, TN are highly affordable relative to local incomes. This compares favorably to the national benchmark of 3-4:1, making homeownership more accessible.
Below-Average Cost of Living
OpportunityThe cost of living index of 59 is below the national average of 100, meaning your dollar stretches further here. This can translate to higher disposable income, easier savings, and improved quality of life.
Methodology: Our analysis combines official data from the U.S. Census Bureau, Bureau of Labor Statistics, and regional housing databases with proprietary algorithms to identify meaningful patterns and trends. All comparisons use state-level benchmarks unless otherwise noted.
Data Sources & Accuracy
- Schools: GreatSchools.org or NCES
- Note: IPEDS integration for colleges/universities is in progress
Learn more about our data sources and methodology on our Data Sources page.
Interactive Location Map
Memphis, TN 38141
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Cost of Living
Compared to national average (100 = US average)
Cost Index by Category
Economy & Employment
Job market and economic indicators
Top Industries by Employment
Industry Breakdown
Nearby ZIP Codes
Explore surrounding areas
Frequently Asked Questions
Everything you need to know about Memphis, TN
According to the latest U.S. Census Bureau data, Memphis, TN has a total population of approximately 23,123 residents. This population figure is derived from the American Community Survey (ACS) 5-Year estimates, which provide the most reliable and comprehensive demographic data available.
Have more questions? Our data is continuously updated to provide you with the most accurate and comprehensive information available. For specific inquiries or detailed analysis, consider consulting with local real estate professionals, financial advisors, or community organizations who can provide personalized guidance based on your unique situation.
Demographics Overview
Comprehensive population statistics and demographic breakdown
Key Demographic Insightsfor Memphis, TN
Median household income is 100% below state average, suggesting more affordable cost of living.
Young population with median age of 33.4 years, attracting young professionals and families.
Unemployment rate of 9.2% is above national average, indicating economic challenges.
Insights are derived from US Census Bureau data and may not reflect recent changes.
Household Income Distribution
Age Distribution
Population by age group
Household Income Breakdown
Households by income bracket
Education Levels (Age 25+)
Highest education attained
Race & Ethnicity
Demographic composition
Households & Employment
Household Types
Family composition breakdown
Average Household Size: 2.91 people
Employment by Industry
Where residents work
Commute Patterns
How residents get to work
Labor Force Statistics
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