Income & Economy in Memphis city, TN (38117)
Median Income
$93,688
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+934
Wealth inflow
Population
26,327
Unemployment
2.9%
0.9pp below US avg
IRS migration statistics show a net inflow of about 934 for ZIP 38117 (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 38117 (2020–Present)
Since 2020, population declined 3.1%, median income rose 4.4% (inflation-adjusted), home values increased 13.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $93,688 |
| Unemployment | 2.9% |
| Establishments | 825 |
| Employees | 15,171 |