Income & Economy in Memphis city, TN (38104)
Median Income
$56,452
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+813
Wealth inflow
Population
22,925
Unemployment
4.3%
0.6pp above US avg
IRS migration statistics show a net inflow of about 813 for ZIP 38104 (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 38104 (2020–Present)
Since 2020, population declined 3.7%, median income rose 11.3% (inflation-adjusted), home values increased 9.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $56,452 |
| Unemployment | 4.3% |
| Establishments | 903 |
| Employees | 20,112 |