Memphis, TN
618,980Residents
$51,736Median household income
$1,181/moMedian gross rent
$169,000Median home value
34.2Median age
28%Adults with a bachelor’s degree or higher
45%Homes lived in by their owners
3.3×Home value to household income
Median rent takes about 27% of the median household income in Memphis.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $47,000 a year. In Tennessee that leaves roughly $3,329 a month after tax. See the full paycheck breakdown for $45,000.
Largest places in Tennessee
- Nashville-Davidson
- Knoxville
- Chattanooga
- Clarksville
- Murfreesboro
- Franklin
- Johnson City
- Jackson
- Hendersonville
- Bartlett
All cities in Tennessee · Highest-paying jobs in Tennessee
Source: Census ACS 2024 ACS 5-year, places. Small places carry larger margins of error.