Income & Economy in Memphis city, TN (38141)
Median Income
$64,050
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+843
Wealth inflow
Population
23,768
Unemployment
9.9%
6.2pp above US avg
IRS migration statistics show a net inflow of about 843 for ZIP 38141 (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 38141 (2020–Present)
Since 2020, population grew 1.4%, median income rose 3.7% (inflation-adjusted), home values increased 18.2%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $64,050 |
| Unemployment | 9.9% |
| Establishments | 276 |
| Employees | 14,196 |