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Memphis, TN 38119 has a population of approximately 23,491 and experiences a population change rate of 5.92%. The population density is 2,658.3 / sq mi .
The median household income for Memphis, TN 38119 is $83,083, with 9,996 households and an average household size of 2.37.
The median value of a home in Memphis, TN 38119 is $279,600 with an appreciation rate of 15.00%. 54.09% of housing in the state is owned while 39.31% is rented.
The cost of living in Memphis, TN 38119 is 99.7 %.
The unemployment rate in Memphis, TN 38119 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 38119 is 9.75%, while the income tax rate is 0.00% .
School expenditures in Memphis, TN 38119 are $12,225, and the school ratio is 15.8:1.
The average high temperature in July is 91.4 degrees, with an average low temperature in January of 30.4 degrees. The average rainfall is approximately 54.7 inches per year, with 2.7 inches of snow per year.