Income & Economy in Memphis city, TN (38109)
Median Income
$36,934
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,552
Wealth inflow
Population
43,764
Unemployment
16.2%
12.5pp above US avg
IRS migration statistics show a net inflow of about 1,552 for ZIP 38109 (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 38109 (2020–Present)
Since 2020, population declined 2.4%, median income fell 0.8% (inflation-adjusted), home values decreased 3.6%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $36,934 |
| Unemployment | 16.2% |
| Establishments | 312 |
| Employees | 6,144 |