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Memphis, TN 38103 has a population of approximately 14,038 and experiences a population change rate of 82.91%. The population density is 5,315.4 / sq mi .
The median household income for Memphis, TN 38103 is $79,307, with 7,594 households and an average household size of 1.56.
The median value of a home in Memphis, TN 38103 is $356,200 with an appreciation rate of 15.00%. 29.35% of housing in the state is owned while 59.66% is rented.
The cost of living in Memphis, TN 38103 is 112.5 %.
The unemployment rate in Memphis, TN 38103 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 38103 is 9.75%, while the income tax rate is 0.00% .
School expenditures in Memphis, TN 38103 are $12,225, and the school ratio is 15.8:1.
The average high temperature in July is 90.8 degrees, with an average low temperature in January of 30.8 degrees. The average rainfall is approximately 53.1 inches per year, with 3 inches of snow per year.