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Memphis has a population of approximately 634,139 and experiences a population change rate of -2.46%. The population density is 1,998.1 / sq mi .
The median household income for Memphis is $43,981, with 249,554 households and an average household size of 2.48.
The median value of a home in Memphis is $148,300 with an appreciation rate of 15.50%. 40.23% of housing in the state is owned while 45.77% is rented.
The cost of living in Memphis is 84.3 %.
The unemployment rate in Memphis is 3.90%, and recent job growth is at -0.42%. Future job growth is projected at 29.71%.
The sales tax rate in Memphis is 9.75%, while the income tax rate is 0.00% .
School expenditures in Memphis are $12,225, and the school ratio is 15.8:1.
The average high temperature in July is 90.9 degrees, with an average low temperature in January of 30.3 degrees. The average rainfall is approximately 54.1 inches per year, with 3 inches of snow per year.
