The city of Memphis has a poverty rate of 27.8%. Child poverty is 44.9%, while the poverty rate for people over age 65 is the lowest of any age group at 15.8%. Poverty in Memphis has increased markedly for all ages and for non-Hispanic Blacks as a whole, while decreasing for non-Hispanic Whites and for Latinos.
Is Memphis Good place to live?
The good news is that living in Memphis, Tennessee means a low cost of living! The cost of living index is less than the national average, and less than the state average with housing being the most affordable. Utilities are cheaper here too and healthcare is closer to the national average.
What percent of Memphis Tenn is black?
64.11% According to the most recent ACS, the racial composition of Memphis was: Black or African American: 64.11% White: 29.23%
What is the poverty rate in Memphis TN?
25.1% TablePopulationIncome & PovertyMedian household income (in 2019 dollars), 2015-2019$41,228Per capita income in past 12 months (in 2019 dollars), 2015-2019$25,605Persons in poverty, percent 25.1%54 more rows
What is Memphis known for?
The name Memphis means Established and Beautiful. Known worldwide as the Home of the Blues & Birthplace of Rock n Roll - not to mention gospel, jazz, R&B, rap and soul. Close to 20 percent of the earliest inductees (24 of the 97) in the Rock n Roll Hall of Fame have come from within a 100-mile radius of Memphis.
What is a good salary in Memphis?
Income and Salaries for Memphis - The average income of a Memphis resident is $21,909 a year. The US average is $28,555 a year. - The Median household income of a Memphis resident is $37,099 a year. The US average is $53,482 a year.
What is a good salary in Memphis TN?
While ZipRecruiter is seeing salaries as high as $128,283 and as low as $19,337, the majority of salaries within the Average jobs category currently range between $46,691 (25th percentile) to $69,801 (75th percentile) with top earners (90th percentile) making $84,893 annually in Memphis.
Which city is better Nashville or Memphis?
Both are rich in culture and diversity. The population in Memphis has been steadily decreasing; whereas the booming real estate market in Nashville keeps the city growing. Nashville has continued to be one of the highest ranked U.S. cities for economic growth.
What is the poorest zip code in Memphis?
List of Poorest Zipcodes in Metro MemphisRankZipcodeMedian Household Income138126$14548238108$20747338106$2400716 more rows
How much do you need to make to live comfortably in Memphis?
The median income is the area is below $28,000, about half of what is needed to meet the 50/30/20 rule. In Memphis, the site lists the median income as $38,230 a year, but says the needed income if youre a homeowner is $63,595 a year, and that the needed income if youre a renter is $69,331.
What is the poorest ZIP code?
The poorest ZIP code in the entire United States is in Erie, PA. With a population of 1,418 households, the median income is $10,873 and the mean income is $14,780.