- A good salary in Memphis, TN is anything over $39,000.
- That’s because the median income in Memphis is $39,000, which means if you earn more than that you’re earning more than 50% of the people living in Memphis.
- The average salary in Memphis is $47,593.
- A good hourly wage in Memphis is $18.75 per hour.
Moreover, Is it expensive to live in Memphis? Memphis’s housing expenses are 23% lower than the national average and the utility prices are 13% lower than the national average. Transportation expenses like bus fares and gas prices are 12% lower than the national average. Memphis has grocery prices that are 9% lower than the national average.
What is upper class in Memphis?
The average Memphis income of the top 20 percent is $172,622, with the top five percent income being $335,653.
Likewise, What is the safest place to live in Memphis? Safest Neighborhoods in Memphis
- Cooper-Young | Safest Memphis Neighborhood for Inner City.
- Midtown | Safe Memphis Neighborhood with Nightlife.
- Windyke | One of the Safest Neighborhoods in Memphis.
- Eads | Safe Memphis Neighborhood for Families.
- River Oaks-Kirby-Balmoral | Safest Memphis Neighborhood for Kids.
What is considered rich in Memphis TN? Two Tennessee cities made the list – Memphis (47) and Nashville (26). The lowest income to be considered “rich” (Top 20%) in Memphis is $86,964. The average income of the top 20% comes in at $172,622. For the top 5%, the average income is $335,653.
What is the best part of Memphis to live in?
Check out this list of the five best neighborhoods and suburbs in Memphis for families!
- Bartlett.
- Cordova.
- East Memphis.
- Germantown.
- River Oaks-Kirby-Balmoral.
Why is rent so high in Memphis?
The increasing number of renovations is related to what national experts say is the main driver of rent increases in places like Memphis: more people deciding to rent there. During earlier parts of the pandemic, many people moved out of cities and more young adults decided to live with friends or family.
Where is the safest place to live in Memphis?
If you’re looking for a safe, affordable spot to settle down in Memphis, check out these five neighborhoods!
- Binghampton.
- Cooper-Young.
- East Memphis.
- Germantown.
- Midtown.
What’s a good salary in Memphis?
A good salary in Memphis, TN is anything over $39,000. That’s because the median income in Memphis is $39,000, which means if you earn more than that you’re earning more than 50% of the people living in Memphis. The average salary in Memphis is $47,593. A good hourly wage in Memphis is $18.75 per hour.
Is Memphis expensive to live?
Memphis’s housing expenses are 23% lower than the national average and the utility prices are 13% lower than the national average. Transportation expenses like bus fares and gas prices are 12% lower than the national average. Memphis has grocery prices that are 9% lower than the national average.
Is Memphis a wealthy city?
Germantown, which has long been the Memphis metro’s most affluent suburb, has a national rank of No. 607 nationally in affluence, while cities in Nashville, such as Belle Meade (No. 25); Forest Hills (No.
…
Wealthiest ZIP Codes.
| Rank | ZIP Code | City |
|---|---|---|
| 1 | 38139 | Germantown |
| 2 | 38138 | Germantown |
| 3 | 38120 | Memphis |
| View This List |
Oct 11, 2017
Where should you not stay in Memphis?
Stay away from anything labeled Orange Mound, south Memphis, Frayser and Whitehaven.
Where is the safest place in Memphis?
Safest Neighborhoods in Memphis
- Cooper-Young | Safest Memphis Neighborhood for Inner City.
- Midtown | Safe Memphis Neighborhood with Nightlife.
- Windyke | One of the Safest Neighborhoods in Memphis.
- Eads | Safe Memphis Neighborhood for Families.
- River Oaks-Kirby-Balmoral | Safest Memphis Neighborhood for Kids.
Is Memphis a walkable city?
Memphis is the 40th most walkable large city in the US with 646,889 residents. Memphis has minimal public transportation and does not have many bike lanes. The most walkable Memphis neighborhoods are East Midtown, Idlewild-East End Historic and Barry F. Homes.
Is Memphis on the decline?
At the same time, Memphis lost 8,555 households (or 17,110 people), in those two years, losing “as many households as Knoxville has gained,” Wanamaker said. U.S. Census Bureau data show that Shelby County’s population rose by only 2,100 people between 2010 and 2020 (from 927,644 to 929,744), or 0.2 percent.
Is Memphis growing or shrinking?
Since 1970, Memphis’ population has effectively stagnated, with the population rising from 623,988 to 652,717. Nashville’s population went in that period from 448,003 to 684,410. Since 2010, metro Nashville grew by 232,000, or nearly 14 percent; metro Memphis grew by 23,000, or less than two percent.
Is Memphis a Black city?
In Memphis, there are 17 neighborhoods — as defined by census tracts — that are at least 98% Black, and there are five that are at least 90% white, according to 2015-2019 data from the U.S. Census Bureau American Community Survey.
What percent of Memphis is Black?
Black people in Memphis are 64 percent of the population. Whites make up 29 percent of the local population.
Is Memphis the poorest city in America?
Memphis falls to second poorest city in the nation.
What is the whitest city in the United States?
Hialeah, Florida is the whitest city in the United States with 92.6% of its population identifying as White.
Is Memphis gentrified?
About half of Memphis’s low-income households live in low- or moderate-to-high-income neighborhoods that are stable. 21% of lower-income neighborhoods in Memphis were at risk of gentrification in 2017, and 22% were undergoing displacement of low-income households without gentrification.
