Memphis has a population of 630,027 with a median age of 34.5. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 630,027 |
| Median Age | 34.5 |
| White | 26.5% |
| Black or African American | 64.4% |
| Asian | 1.6% |
| Hispanic or Latino | 8.0% |
The median household income in Memphis is $48,090, which is 36.0% below the national median of $75,149. The per capita income is $31,060. The poverty rate is 23.6%.
The unemployment rate in Memphis is 8.6%, compared to the national rate of 5.4%.
In Memphis, 87.2% of residents age 25+ have a high school diploma or higher, and 27.9% hold a bachelor's degree or higher (10.9% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.2% |
| Bachelor's Degree or Higher | 27.9% |
| Graduate or Professional Degree | 10.9% |
The median home value in Memphis is $139,600, below the national median of $281,900. The median monthly rent is $1,050. The homeownership rate is 46.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $139,600 |
| Median Monthly Rent | $1,050 |
| Homeownership Rate | 46.6% |
| Vacancy Rate | 13.3% |
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