Population, total and by age
Memphis, TN vs. Places in
USA
TN
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Total population (2000)
649,845
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Projected population (2030)
N/A
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Population density (people per square mile) (2000)
2,326.538
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Pct. population under 18 years old (2000)
27.9%
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Pct. population 65 years old and over (2000)
10.9%
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Housing unit estimates (2005)
N/A
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Population estimates (2005)
672,277
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Population by race /ethnicity (2000 def.)
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Pct. non-Hispanic White alone population (2000)
33.3%
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Pct. non-Hispanic Black /African American alone population (2000)
61.1%
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Pct. non-Hisp. Asian, Hawaiian and Pacific Islander alone pop. (2000)
1.6%
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Pct. non-Hispanic American Indian/Alaska Native alone population (2000)
0.2%
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Pct. non-Hispanic other race alone population (2000)
0.1%
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Pct. non-Hispanic multiracial population (2000)
0.9%
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Pct. Hispanic/Latino population (2000)
2.9%
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Household size and type
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Total households (2000)
250,907
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Average household size (2000)
2.5
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Pct. married-couple hhlds. with own children under 18 years old (2000)
15.4%
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Pct. single-parent-headed hhlds. with own children under 18 years (2000)
16.9%
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Pct. family households without own children under 18 years old (2000)
31.5%
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Pct. nonfamily households (2000)
36.2%
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Education
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Pct. persons 25+ yrs. old with no high school diploma or GED (2000)
23.6%
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Pct. pers. 25+ yrs. old with a bachelors or graduate/prof. degree (2000)
20.9%
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Income/employment of residents
Memphis, TN
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Median household income last yr ($) (2000)
$32,285
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Average household income last yr ($) (2000)
$45,285
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Poverty rate (2000)
20.6%
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Pct. pop. 16 years old and over who are employed (2000)
57.6%
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Unemployment rate (2000)
8.6%
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Income/credits for tax filers
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Pct. of low-income returns that receive EITC (2002)
49.9%
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Average dollar amount received from EITC (2002)
$2,056
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Average Adjusted Gross Income (2002)
$36,673
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Economy
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Estimated employment (2003)
318,556
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Estimated employment per 1,000 population (2003)
490
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Total number of establishments (2003)
14,412
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Number of establishments per 1,000 population (2003)
22
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Housing
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Median year structure built (2000)
1966
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Pct. housing units in single-family detached homes (2000)
60%
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Total housing units (2000)
271,723
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Vacancy rate (2000)
7.7%
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Homeownership rate (2000)
55.9%
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Housing costs
Memphis, TN
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Median gross rent of specified renter-occ. units with rent ($) (2000)
$548
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Average gross rent of specified renter-occ. units with rent ($) (2000)
$558
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Median value for specified owner-occupied housing units ($) (2000)
$72,800
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Average value of specified owner-occupied housing units ($) (2000)
$99,720
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Housing hardship
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Pct. hhlds. with inc. 0-80% of area median with hsg. cost burden (2000)
54.7%
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Pct. hhld. w/inc. 0-80% of area median w/severe hsg. cost burden (2000)
28.7%
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Pct. housing units that are overcrowded (2000)
6.2%
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Mortgage lending
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Mortgage loans for all purposes for multifamily units (2005)
76
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Home purchase loans for 1 to 4 fam. units per 1,000 housing units (2005)
58
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Median loan amount for home purchase of 1 to 4 family units (2005)
$72,000
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Avg. dollar amt. of loans for home purchase of 1 to 4 fam. units (2005)
$94,225
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Pct. of conventional mortgage loans by subprime lenders (2004)
36.3%
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Pct. of conv. refinancing mortgage loans by subprime lenders (2004)
42.4%
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Borrower characteristics
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Med. borrower inc. for own.-occ. purch., 1 to 4 fam. incl. manuf. (2005)
$44,000
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Pct. of owner-occ. home purchase loans to low-income borrowers (2005)
34%
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