Income & Economy in Memphis city, TN (38103)
Median Income
$75,763
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+497
Wealth inflow
Population
14,025
Unemployment
1.7%
2.0pp below US avg
IRS migration statistics show a net inflow of about 497 for ZIP 38103 (Memphis city, TN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 38103 (2020–Present)
Since 2020, population declined 4.7%, median income fell 11.2% (inflation-adjusted), home values increased 11.0%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $75,763 |
| Unemployment | 1.7% |
| Establishments | 834 |
| Employees | 26,012 |