MemphisTennessee

Memphis Population Demographics

According to US population projections for 2022, the estimated population of Memphis is 628,118. 27.44% is under 18, while 14.14% is over 65.

A closer look at the age demography reveals that 7.38% of the population was five years old or younger, 27.44% were 18 years or younger and 25.62% were aged 65 years and over. The gender split in the state was nearly even, with 52.83% female and 47.17% male.

Memphis Housing

According to the US Census, Memphis has 288,491 housing units. The average owner-occupied housing unit rate in Memphis was 89.07%. At the same time, the city's median value of owner-occupied homes was $142,800

Memphis Racial Demographics

In 2020, the US Census estimated that Black Or African American Alone and White Alone constitute 86.58% of Memphis's population. Residents of the city who were Some Other Race Alone, made up 6.49% of the total population.

Other racial groups include Asian Alone, constituting 1.84% of the city's population and White Black Or African American at 0.98%

How Educated is Memphis

According to Census estimates, in 2021, 17.6% of Memphis residents had a bachelor's degree, while 10.7% had a graduate or professional degree.

Overall, 28.30% of residents have a bachelor's degree or higher.

Average Income in Memphis

The median household income in Memphis is $44,317. This figure is significantly (approximately 0.00%) less than the state average of $44,317.

Estimates by family type revealed that families earned an average of $53,958 per year, while married-couple families earned an average of $80,959.

A closer examination of the income groups of Memphis households revealed that the largest income group consisted of households with an annual income between $50,000 and $74,999. Other groups with yearly high household incomes include those between $35,000 and $49,999 (16.3%) and those with incomes exceeding $200,000 (4.3%). 11.0% of households in the City of Angels had an annual income of less than $10,000.

Median Income by Type of Family