Income & Economy in Memphis city, TN (38108)
Median Income
$35,435
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+656
Wealth inflow
Population
18,501
Unemployment
11.0%
7.3pp above US avg
IRS migration statistics show a net inflow of about 656 for ZIP 38108 (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 38108 (2020–Present)
Since 2020, population grew 7.2%, median income rose 19.8% (inflation-adjusted), home values decreased 1.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $35,435 |
| Unemployment | 11.0% |
| Establishments | 139 |
| Employees | 3,431 |