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Memphis, TN 38016 has a population of approximately 46,285 and experiences a population change rate of 55.98%. The population density is 2,430.2 / sq mi .
The median household income for Memphis, TN 38016 is $66,480, with 18,536 households and an average household size of 2.43.
The median value of a home in Memphis, TN 38016 is $308,600 with an appreciation rate of 20.20%. 52.37% of housing in the state is owned while 38.91% is rented.
The cost of living in Memphis, TN 38016 is 102 %.
The unemployment rate in Memphis, TN 38016 is 3.50%, and recent job growth is at -0.42%. Future job growth is projected at 30.31%.
The sales tax rate in Memphis, TN 38016 is 9.75%, while the income tax rate is 0.00% .
School expenditures in Memphis, TN 38016 are $12,225, and the school ratio is 15.8:1.
The average high temperature in July is 91 degrees, with an average low temperature in January of 28.9 degrees. The average rainfall is approximately 55.1 inches per year, with 2.5 inches of snow per year.