Income & Economy in Memphis city, TN (38125)
Median Income
$83,184
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,517
Wealth inflow
Population
42,793
Unemployment
9.1%
5.4pp above US avg
IRS migration statistics show a net inflow of about 1,517 for ZIP 38125 (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 38125 (2020–Present)
Since 2020, population grew 8.8%, median income rose 1.6% (inflation-adjusted), home values increased 18.5%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $83,184 |
| Unemployment | 9.1% |
| Establishments | 835 |
| Employees | 18,079 |