Income & Economy in Memphis city, TN (38122)
Median Income
$45,456
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+897
Wealth inflow
Population
25,310
Unemployment
5.3%
1.6pp above US avg
IRS migration statistics show a net inflow of about 897 for ZIP 38122 (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 38122 (2020–Present)
Since 2020, population grew 5.7%, median income fell 3.1% (inflation-adjusted), home values increased 26.4%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $45,456 |
| Unemployment | 5.3% |
| Establishments | 437 |
| Employees | 6,000 |