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Memphis city, Tennessee Demographics & Population 2026

2nd Largest2nd most populous city in Tennessee

As of 2026, Memphis city, Tennessee has a total population of 629,063, the 2nd largest city in Tennessee, with a median household income of $51,211, which is 24% lower than the state average. The poverty rate is 22.5%.

Key Takeaways

Memphis city Quick Facts

Population 629,063
Median Household Income $51,211
Median Home Value $157,100
Poverty Rate 22.5%
Unemployment Rate 8.3%
Median Age 34.3 years
Homeownership Rate 46.0%
Affordability Ratio 3.1x
Bachelor's Degree or Higher 28.2%
High School Graduation Rate 87.4%
Diversity Index 54/100
Population 629,063 2nd of 504
Median Income $51,211 below average
Poverty Rate 22.5% 81% higher national
Median Home Value $157,100 below average

How Memphis city Compares

Economy & Housing

Employment

8.3% Unemployment Rate State: 4.7% | National: 5.2%
63.9% Labor Force Participation

Housing Overview

Owner 46.0%
Renter 54.0%
Affordability Index Affordable
3.1x home value to income ratio

People & Demographics

Diversity Index

54out of 100
Moderate Diversity

Moderate diversity with one or two groups making up the majority.

State average: 46 | National average: 60

Education

Memphis city Rankings in Tennessee

#2 Population of 504
#282 Median Income of 504
#113 Education of 504
#286 Home Value of 504

Cities Similar to Memphis city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Nashville-Davidson metropolitan government (balance)684,298$75,197$383,10046.9%14.1%
Knoxville city193,721$50,994$214,00033.7%20.5%
Chattanooga city182,832$61,028$259,20035.5%17.6%
Clarksville city171,897$66,786$236,10030.6%12.8%
Murfreesboro city157,547$76,241$365,10041.1%10.0%

Population Overview

Memphis city is a major urban center located in Tennessee. The total population is 629,063. It ranks as the 2nd most populous out of 504 cities and towns in Tennessee.

Age Demographics

The median age in Memphis city is 34.3 years. This is 12% lower than the state median of 38.9 years.

Economy, Income & Housing

The median household income in Memphis city is $51,211. This is 24% lower than the state median of $67,097. Compared to the national median of $78,538, household income here is 35% lower. The poverty rate stands at 22.5%. This is 64% higher than the state poverty rate of 13.8%. With more than one in five residents living below the poverty line, economic hardship is a significant challenge for the community. The unemployment rate is 8.3%. This is 74% higher than the state rate of 4.7%. The median home value is $157,100. Housing costs are 39% lower than the state median of $256,800. The home-value-to-income ratio is 3.1x. 46.0% of occupied housing units are owner-occupied. This homeownership rate is 31% lower than the state average of 67.0%.

Race & Ethnicity

The largest racial or ethnic group in Memphis city is Black or African American, making up 62.7% of the population. White (non-Hispanic) residents account for 22.9%. The White (non-Hispanic) population (22.9%) is well below the state average of 71.5%. The Black or African American population is significantly higher than the state average (62.7% vs 15.7%).

Education

28.2% of residents aged 25 and older hold a bachelor's degree or higher. This is 7% lower than the state rate of 30.4%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 87.4%.

Data Sources & Methodology

All demographic data for Memphis city, Tennessee is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Tennessee state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 504 Census-designated places in Tennessee. For official data, visit data.census.gov.

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Frequently Asked Questions

What is the population of Memphis city, Tennessee?

Memphis city, Tennessee has a population of 629,063 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Memphis city, TN?

The median household income in Memphis city is $51,211, which is 35% lower the national median of $78,538.

What is the poverty rate in Memphis city, TN?

The poverty rate in Memphis city is 22.5%. This means approximately 138,498 residents live below the federal poverty line.

What is the racial makeup of Memphis city, Tennessee?

Memphis city's population is 22.9% White, 62.7% Black, 10.2% Hispanic/Latino, and 1.7% Asian.

What is the median home value in Memphis city, TN?

The median home value in Memphis city is $157,100. The home-value-to-income ratio is 3.1x.

How educated is Memphis city, Tennessee?

28.2% of adults (25+) in Memphis city hold a bachelor's degree or higher, and 11.3% hold a graduate or professional degree.