Income & Economy in Memphis city, TN (38115)
Median Income
$42,931
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,308
Wealth inflow
Population
36,878
Unemployment
8.4%
4.7pp above US avg
IRS migration statistics show a net inflow of about 1,308 for ZIP 38115 (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 38115 (2020–Present)
Since 2020, population declined 5.0%, median income rose 6.9% (inflation-adjusted), home values increased 16.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $42,931 |
| Unemployment | 8.4% |
| Establishments | 730 |
| Employees | 14,618 |