Income & Economy in Memphis city, TX (79245)
Median Income
$46,667
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+108
Wealth inflow
Population
2,291
Unemployment
10.8%
7.1pp above US avg
IRS migration statistics show a net inflow of about 108 for ZIP 79245 (Memphis city, TX) 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 79245 (2020–Present)
Since 2020, population declined 2.1%, median income fell 4.7% (inflation-adjusted), home values increased 10.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $46,667 |
| Unemployment | 10.8% |
| Establishments | 53 |
| Employees | 372 |