Income & Economy in Memphis city, TN (38112)
Median Income
$52,639
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+596
Wealth inflow
Population
16,798
Unemployment
9.3%
5.6pp above US avg
IRS migration statistics show a net inflow of about 596 for ZIP 38112 (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 38112 (2020–Present)
Since 2020, population grew 4.7%, median income rose 26.6% (inflation-adjusted), home values increased 34.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $52,639 |
| Unemployment | 9.3% |
| Establishments | 338 |
| Employees | 7,128 |