Income & Economy in Memphis city, TN (38126)
Median Income
$30,825
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+203
Wealth inflow
Population
5,723
Unemployment
8.0%
4.3pp above US avg
IRS migration statistics show a net inflow of about 203 for ZIP 38126 (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 38126 (2020–Present)
Since 2020, population declined 2.1%, median income rose 87.0% (inflation-adjusted), home values increased 6.9%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $30,825 |
| Unemployment | 8.0% |
| Establishments | 124 |
| Employees | 2,116 |