Income & Economy in Memphis city, TN (38134)
Median Income
$61,172
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+1,507
Wealth inflow
Population
42,500
Unemployment
4.8%
1.1pp above US avg
IRS migration statistics show a net inflow of about 1,507 for ZIP 38134 (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 38134 (2020–Present)
Since 2020, population declined 5.9%, median income rose 3.8% (inflation-adjusted), home values increased 20.7%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $61,172 |
| Unemployment | 4.8% |
| Establishments | 1,265 |
| Employees | 22,107 |