Graph and download economic data for Estimate of Median Household Income for Shelby County, TN (MHITN47157A052NCEN) from 1989 to 2023 about Shelby County, TN; Memphis; TN; households; median; income; and USA.

Comprehensive demographic dataset for Memphis, TN, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

About this dataset

Context

The dataset presents the distribution of median household income among distinct age brackets of householders in Memphis. Based on the latest 2019-2023 5-Year Estimates from the American Community Survey, it displays how income varies among householders of different ages in Memphis. It showcases how household incomes typically rise as the head of the household gets older. The dataset can be utilized to gain insights into age-based household income trends and explore the variations in incomes across households.

Key observations: Insights from 2023

In terms of income distribution across age cohorts, in Memphis, householders within the 45 to 64 years age group have the highest median household income at $58,790, followed by those in the 25 to 44 years age group with an income of $52,615. Meanwhile householders within the 65 years and over age group report the second lowest median household income of $45,024. Notably, householders within the under 25 years age group, had the lowest median household income at $33,103.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates. All incomes have been adjusting for inflation and are presented in 2023-inflation-adjusted dollars.

Age groups classifications include:

• Under 25 years
• 25 to 44 years
• 45 to 64 years
• 65 years and over

Variables / Data Columns

• Age Of The Head Of Household: This column presents the age of the head of household
• Median Household Income: Median household income, in 2023 inflation-adjusted dollars for the specific age group

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Memphis median household income by age. You can refer the same here

Graph and download economic data for 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Shelby County, TN (MHICILBTN47157A052NCEN) from 1989 to 2023 about Shelby County, TN; Memphis; TN; households; median; income; and USA.

About this dataset

Context

The dataset presents median household incomes for various household sizes in Memphis, TN, as reported by the U.S. Census Bureau. The dataset highlights the variation in median household income with the size of the family unit, offering valuable insights into economic trends and disparities within different household sizes, aiding in data analysis and decision-making.

Key observations

• Of the 7 household sizes (1 person to 7-or-more person households) reported by the census bureau, all of the household sizes were found in Memphis. Across the different household sizes in Memphis the mean income is $60,417, and the standard deviation is $12,468. The coefficient of variation (CV) is 20.64%. This high CV indicates high relative variability, suggesting that the incomes vary significantly across different sizes of households.
• In the most recent year, 2021, The smallest household size for which the bureau reported a median household income was 1-person households, with an income of $34,904. It then further increased to $59,650 for 7-person households, the largest household size for which the bureau reported a median household income.

https://i.neilsberg.com/ch/memphis-tn-median-household-income-by-household-size.jpeg" alt="Memphis, TN median household income, by household size (in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2017-2021 5-Year Estimates.

Household Sizes:

• 1-person households
• 2-person households
• 3-person households
• 4-person households
• 5-person households
• 6-person households
• 7-or-more-person households

Variables / Data Columns

• Household Size: This column showcases 7 household sizes ranging from 1-person households to 7-or-more-person households (As mentioned above).
• Median Household Income: Median household income, in 2022 inflation-adjusted dollars for the specific household size.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Memphis median household income. You can refer the same here

Graph and download economic data for Estimate of Median Household Income for Tipton County, TN (MHITN47167A052NCEN) from 1989 to 2023 about Tipton County, TN; Memphis; TN; households; median; income; and USA.

About this dataset

Context

The dataset presents the median household income across different racial categories in Memphis. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. The dataset can be utilized to gain insights into economic disparities and trends and explore the variations in median houshold income for diverse racial categories.

Key observations

Based on our analysis of the distribution of Memphis population by race & ethnicity, the population is predominantly Black or African American. This particular racial category constitutes the majority, accounting for 62.91% of the total residents in Memphis. Notably, the median household income for Black or African American households is $42,373. Interestingly, despite the Black or African American population being the most populous, it is worth noting that Asian households actually reports the highest median household income, with a median income of $83,850. This reveals that, while Black or African Americans may be the most numerous in Memphis, Asian households experience greater economic prosperity in terms of median household income.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Memphis.
• Median household income: Median household income, adjusting for inflation, presented in 2023-inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Memphis median household income by race. You can refer the same here

Graph and download economic data for 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Tipton County, TN (MHICILBTN47167A052NCEN) from 1989 to 2023 about Tipton County, TN; Memphis; TN; households; median; income; and USA.

Graph and download economic data for 90% Confidence Interval Lower Bound of Estimate of Median Household Income for Fayette County, TN (MHICILBTN47047A052NCEN) from 1989 to 2023 about Fayette County, TN; Memphis; TN; households; median; income; and USA.

About this dataset

Context

The dataset tabulates the median household income in Memphis. It can be utilized to understand the trend in median household income and to analyze the income distribution in Memphis by household type, size, and across various income brackets.

Content

The dataset will have the following datasets when applicable

Please note: The 2020 1-Year ACS estimates data was not reported by the Census Bureau due to the impact on survey collection and analysis caused by COVID-19. Consequently, median household income data for 2020 is unavailable for large cities (population 65,000 and above).

• Memphis, TN Median Household Income Trends (2010-2021, in 2022 inflation-adjusted dollars)
• Median Household Income Variation by Family Size in Memphis, TN: Comparative analysis across 7 household sizes
• Income Distribution by Quintile: Mean Household Income in Memphis, TN
• Memphis, TN households by income brackets: family, non-family, and total, in 2022 inflation-adjusted dollars

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Interested in deeper insights and visual analysis?

Explore our comprehensive data analysis and visual representations for a deeper understanding of Memphis median household income. You can refer the same here

Comprehensive demographic dataset for Normal Station, Memphis, TN, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

Graph and download economic data for Estimate of Median Household Income for Fayette County, TN (MHITN47047A052NCEN) from 1989 to 2023 about Fayette County, TN; Memphis; TN; households; median; income; and USA.

Comprehensive demographic dataset for Southside Memphis, Memphis, TN, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

About this dataset

Context

The dataset tabulates the Memphis median household income by race. The dataset can be utilized to understand the racial distribution of Memphis income.

Content

The dataset will have the following datasets when applicable

Please note: The 2020 1-Year ACS estimates data was not reported by the Census Bureau due to the impact on survey collection and analysis caused by COVID-19. Consequently, median household income data for 2020 is unavailable for large cities (population 65,000 and above).

• Memphis, TN median household income breakdown by race betwen 2012 and 2022
• Median Household Income by Racial Categories in Memphis, TN (2022)

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Interested in deeper insights and visual analysis?

Explore our comprehensive data analysis and visual representations for a deeper understanding of Memphis median household income by race. You can refer the same here

About this dataset

Context

The dataset presents the mean household income for each of the five quintiles in Memphis, TN, as reported by the U.S. Census Bureau. The dataset highlights the variation in mean household income across quintiles, offering valuable insights into income distribution and inequality.

Key observations

• Income disparities: The mean income of the lowest quintile (20% of households with the lowest income) is 9,729, while the mean income for the highest quintile (20% of households with the highest income) is 211,814. This indicates that the top earners earn 22 times compared to the lowest earners.
• *Top 5%: * The mean household income for the wealthiest population (top 5%) is 411,551, which is 194.30% higher compared to the highest quintile, and 4230.15% higher compared to the lowest quintile.

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2019-2023 5-Year Estimates.

Income Levels:

• Lowest Quintile
• Second Quintile
• Third Quintile
• Fourth Quintile
• Highest Quintile
• Top 5 Percent

Variables / Data Columns

• Income Level: This column showcases the income levels (As mentioned above).
• Mean Household Income: Mean household income, in 2023 inflation-adjusted dollars for the specific income level.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Memphis median household income. You can refer the same here

Comprehensive demographic dataset for Cordova, Memphis, TN, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

About this dataset

Context

The dataset presents the median household incomes over the past decade across various racial categories identified by the U.S. Census Bureau in Memphis. It portrays the median household income of the head of household across racial categories (excluding ethnicity) as identified by the Census Bureau. It also showcases the annual income trends, between 2012 and 2022, providing insights into the economic shifts within diverse racial communities.The dataset can be utilized to gain insights into income disparities and variations across racial categories, aiding in data analysis and decision-making..

Key observations

• White: In Memphis, the median household income for the households where the householder is White increased by $11,396(17.47%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $65,227 in 2012 and $76,623 in 2022.
• Black or African American: In Memphis, the median household income for the households where the householder is Black or African American increased by $6,350(17.83%), between 2012 and 2022. The median household income, in 2022 inflation-adjusted dollars, was $35,624 in 2012 and $41,974 in 2022.
• Refer to the research insights for more key observations on American Indian and Alaska Native, Asian, Native Hawaiian and Other Pacific Islander, Some other race and Two or more races (multiracial) households

https://i.neilsberg.com/ch/memphis-tn-median-household-income-by-race-trends.jpeg" alt="Memphis, TN median household income trends across races (2012-2022, in 2022 inflation-adjusted dollars)">

Content

When available, the data consists of estimates from the U.S. Census Bureau American Community Survey (ACS) 2022 1-Year Estimates.

Racial categories include:

• White
• Black or African American
• American Indian and Alaska Native
• Asian
• Native Hawaiian and Other Pacific Islander
• Some other race
• Two or more races (multiracial)

Variables / Data Columns

• Race of the head of household: This column presents the self-identified race of the household head, encompassing all relevant racial categories (excluding ethnicity) applicable in Memphis.
• 2010: 2010 median household income
• 2011: 2011 median household income
• 2012: 2012 median household income
• 2013: 2013 median household income
• 2014: 2014 median household income
• 2015: 2015 median household income
• 2016: 2016 median household income
• 2017: 2017 median household income
• 2018: 2018 median household income
• 2019: 2019 median household income
• 2020: 2020 median household income
• 2021: 2021 median household income
• 2022: 2022 median household income
• Please note: 2020 1-Year ACS estimates data was not reported by Census Bureau due to impact on survey collection and analysis during COVID-19, thus for large cities (population 65,000 and above) median household income data is not available.
• Please note: All incomes have been adjusted for inflation and are presented in 2022-inflation-adjusted dollars.

Good to know

Margin of Error

Data in the dataset are based on the estimates and are subject to sampling variability and thus a margin of error. Neilsberg Research recommends using caution when presening these estimates in your research.

Custom data

If you do need custom data for any of your research project, report or presentation, you can contact our research staff at research@neilsberg.com for a feasibility of a custom tabulation on a fee-for-service basis.

Inspiration

Neilsberg Research Team curates, analyze and publishes demographics and economic data from a variety of public and proprietary sources, each of which often includes multiple surveys and programs. The large majority of Neilsberg Research aggregated datasets and insights is made available for free download at https://www.neilsberg.com/research/.

Recommended for further research

This dataset is a part of the main dataset for Memphis median household income by race. You can refer the same here

Comprehensive demographic dataset for Orange Mound, Memphis, TN, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

Comprehensive demographic dataset for Whitehaven, Memphis, TN, US including population statistics, household income, housing units, education levels, employment data, and transportation with year-over-year changes.

Graph and download economic data for Per Capita Personal Income in Memphis, TN-MS-AR (MSA) (MPHPCPI) from 1969 to 2023 about Memphis, MS, AR, TN, personal income, per capita, personal, income, and USA.