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Memphis, TN 38127 has a population of approximately 44,943 and experiences a population change rate of -12.13%. The population density is 1,195.9 / sq mi .
The median household income for Memphis, TN 38127 is $32,933, with 13,935 households and an average household size of 2.92.
The median value of a home in Memphis, TN 38127 is $83,700 with an appreciation rate of 15.00%. 37.25% of housing in the state is owned while 40.22% is rented.
The cost of living in Memphis, TN 38127 is 80.6 %.
The unemployment rate in Memphis, TN 38127 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 38127 is 9.75%, while the income tax rate is 0.00% .
School expenditures in Memphis, TN 38127 are $12,225, and the school ratio is 15.8:1.
The average high temperature in July is 91.3 degrees, with an average low temperature in January of 31.1 degrees. The average rainfall is approximately 53.5 inches per year, with 3.3 inches of snow per year.
