Income & Economy in Memphis city, TN (38128)
Median Income
$43,166
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,561
Wealth inflow
Population
44,027
Unemployment
6.1%
2.4pp above US avg
IRS migration statistics show a net inflow of about 1,561 for ZIP 38128 (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 38128 (2020–Present)
Since 2020, population declined 4.6%, median income fell 0.0% (inflation-adjusted), home values increased 22.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $43,166 |
| Unemployment | 6.1% |
| Establishments | 439 |
| Employees | 10,083 |