Income & Economy in Memphis city, TN (38106)
Median Income
$29,818
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+774
Wealth inflow
Population
21,827
Unemployment
18.6%
14.9pp above US avg
IRS migration statistics show a net inflow of about 774 for ZIP 38106 (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 38106 (2020–Present)
Since 2020, population declined 10.0%, median income fell 6.3% (inflation-adjusted), home values increased 7.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $29,818 |
| Unemployment | 18.6% |
| Establishments | 287 |
| Employees | 6,724 |