Memphis city: Median Household Income Trend
How Memphis city's median household income changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$35,688
2023
$49,598
Total change
+$13,910
% change
+39%
| Year | Median Household Income | Change |
|---|---|---|
| 2017 | $35,688 | — |
| 2019 | $37,909 | +$2,221 (6.2%) |
| 2020 | $38,173 | +$264 (0.7%) |
| 2021 | $38,094 | $79 (-0.2%) |
| 2022 | $40,745 | +$2,651 (7%) |
| 2023 | $49,598 | +$8,853 (21.7%) |