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
$29,605
2023
$46,567
Total change
+$16,962
% change
+57.3%
| Year | Median Household Income | Change |
|---|---|---|
| 2017 | $29,605 | — |
| 2019 | $33,079 | +$3,474 (11.7%) |
| 2020 | $40,163 | +$7,084 (21.4%) |
| 2021 | $41,685 | +$1,522 (3.8%) |
| 2022 | $43,901 | +$2,216 (5.3%) |
| 2023 | $46,567 | +$2,666 (6.1%) |