Population & Demographics

Location

Time Zone

Central Time Zone

Grand Division

West Tennessee

Area (Square Miles)

763.2

County Seat

Memphis

Metropolitan Area

Memphis, TN-MS-AR

ECD Region

Memphis

Population

Population (2014)

927,644

Population (2019)

929,744

Population Change (2014-2019)

0.2%

Population Forecast (2040)

975,420

Foreign Born Population

61,192

Foreign Born Persons (Percentage of Population)

6.5%

Language Other Than English Spoken At Home

9.6%

Civilian Veteran Population

50,343

Race (Percentage of Population)

White Alone

39.1%

Black or African American, alone

53.7%

American Indian And Alaska Native, alone

0.2%

Asian, alone

2.6%

Native Hawaiian or Other Pacific Islander, alone

0.0%

Some Other Race, alone

2.7%

Two or More Races

1.7%

Hispanic or Latino

6.4%

Age (Percentage of Population)
Male
Female
Total

Under 5 Years Old

Male: 7.5%

Female: 6.6%

Total: 7.1%

Under 18 Years Old

Male: 26.8%

Female: 23.6%

Total: 25.1%

18-64 Years Old

Male: 61.8%

Female: 61.8%

Total: 61.8%

65 Years and Over

Male: 11.4%

Female: 14.6%

Total: 13.1%

Median Age

Male: 33.8

Female: 37.4

Total: 35.6

Housing & Income

Housing & Income

Households

520,309

Homeownership Rate

61.40

Persons Per Household

2.53

Living In Same House 1 Year & Over

71.40

Median Home Value

172,700

Annual Home Sales

19,872

Median Sale Price of Homes Sold

220000

Persons In Households With Income Below Poverty Level

16.90

Total Personal Income

72414104

Personal Income Per Capita

54198

Household Income & Benefits
Percent of Household

Less Than $10,000

8.6%

$10,000 to $14,999

5.9%

$15,000 to $24,999

11.0%

$25,000 to $34,999

10.2%

$35,000 to $49,999

13.1%

$50,000 to $74,999

17.1%

$75,000 to $99,999

10.9%

$100,000 to $149,999

12.3%

$150,000 to $199,999

5.1%

$200,000 or More

5.8%

Median Household Income

$51,657

Percentage of Households by Income Range

Sources:
U.S. Census Bureau, 2014-2018 5-Year American Community Survey
Tennessee Housing Development Agency (2019)
U.S. Bureau of Economic Analysis (2018)
Economic Modeling Specialists Intl. (2020)

Tax Structure

Property Tax

Property Tax Rate (County)

$4.0500

State Property Tax

None

Assessment Ratio: Residential Property

25%

Assessment Ratio: Farm Property

25%

Assessment Ratio: Commercial/Industrial Property

40%

Assessment Ratio: Public Utility Property

55%

Assessment Ratio: Business Personal Property

30%

State Tax

State Income Tax on Wages

None

State Income Tax: Interest from Bonds and Notes and Dividends from Stock

1% (Hall Income tax is fully repealed after January 1, 2021)

Excise Tax (State)

6.5% of Tennessee taxable income

Franchise Tax (state)

0.25% of the greater of net worth or real and tangible property in Tennessee. The minimum tax is $100.

Unemployment Insurance Tax (state)

2.7% of the first $7,000 in wages for new employers

Sales Tax

State Sales Tax Rate

7.00%

County Sales Tax Rate

2.25% - 2.75%

Local Sales Tax Collections (FY 2017)

$322,842,905

Local Sales Tax Collections (FY 2018)

$371,257,328

Local Sales Tax Collections Growth (FY 2017-FY 2018)

15.00%

State Bond Ratings

Moody's

Aaa

Standard & Poor's

AAA

Fitch

AAA

Debt per Capita

State Debt per Capita

$929 (lowest in U.S.)

County Debt Per Capita

$1,046

Sources:
Tennessee Comptroller of the Treasury (2020)
Tennessee Department of Revenue (2020)
The Tax Foundation (2020)

Labor Force

Labor Force Estimates (2018)
Tennessee
County Profile

Unemployment Rate

Tennessee: 7.5%

County Profile: 9.7%

Monthly Unemployment Rate*
Current
12 Months Ago

County Profile

Current: 3.6%

12 Months Ago: 3.6%

Unemployment Rate*
Tennessee
County Profile

2015

Tennessee: 3.7%

County Profile: 4.3%

2016

Tennessee: 3.5%

County Profile: 4.1%

2017

Tennessee: 3.4%

County Profile: 4.0%

2018

Tennessee: 7.5%

County Profile: 9.7%

Unemployment Rate (by percentage)

Sources:
Tennessee Department of Labor and Workforce Development (December 2018)
U.S. Bureau of Labor Statistics

Industries (2019)

Industry
Employment
Establishments
Avg. Annual Wages

Crop and Animal Production

Employment: 196

Establishments: 29

Avg. Annual Wages: $35,473

Mining, Quarrying, and Oil and Gas Extraction

Employment: 29

Establishments: 4

Avg. Annual Wages: $63,956

Utilities

Employment: 20

Establishments: 7

Employment: $72,534

Construction

Employment: 18,242

Establishments: 1,307

Employment: $62,719

Manufacturing

Employment: 31,903

Establishments: 719

Employment: $77,970

Wholesale Trade

Employment: 27,470

Establishments: 1,710

Employment: $75,272

Retail Trade

Employment: 47,550

Establishments: 2,948

Employment: $38,204

Transportation and Warehousing

Employment: 59,308

Establishments: 875

Employment: $71,783

Information

Employment: 4,297

Establishments: 369

Employment: $72,099

Finance and Insurance

Employment: 14,987

Establishments: 1,319

Employment: $115,788

Real Estate and Rental and Leasing

Employment: 8,213

Establishments: 890

Employment: $59,437

Professional, Scientific, and Technical Services

Employment: 19,946

Establishments: 2,226

Employment: $67,867

Management of Companies and Enterprises

Employment: 8,647

Establishments: 198

Employment: $136,988

Administrative, Support, Waste Management and Remediation

Employment: 47,845

Establishments: 1,330

Employment: $39,287

Educational Services

Employment: 9,932

Establishments: 306

Employment: $45,165

Health Care and Social Assistance

Employment: 71,550

Establishments: 2,525

Employment: $57,562

Arts, Entertainment, and Recreation

Employment: 5,092

Establishments: 259

Employment: $62,256

Accommodation and Food Services

Employment: 39,820

Establishments: 1,909

Employment: $20,236

Other Services (except Public Administration)

Employment: 13,596

Establishments: 2,207

Employment: $42,344

Government

Employment: 62,765

Establishments: 183

Employment: $58,550

Unclassified

Employment: 36

Establishments: 13

Employment: $27,098

Total

Employment: 491,444

Establishments: 21,330

Employment: $58,351

Top Employers

Top County Employers
Estimated Employees
City

Fedex Corporation

Est. Employees: 30,000

City: Memphis

Shelby County Schools

Est. Employees: 16,000

City: Memphis

Methodist Le Bonheur Healthcare

Est. Employees: 9,000

City: Memphis

City of Memphis

Est. Employees: 8,000

City: Memphis

Shelby County Government

Est. Employees: 5,600

City: Memphis

St. Jude Children's Research Hospital, Inc.

Est. Employees: 4,700

City: Memphis

Baptist Memorial Hospital

Est. Employees: 4,000

City: Memphis

First Horizon National Corporation

Est. Employees: 4,000

City: Memphis

University of Tennessee

Est. Employees: 4,000

City: Memphis

International Paper Company

Est. Employees: 3000

City: Memphis

Transportation & Logistics

Transportation

Nearest Commercial Service Airport

Memphis International

Daily Flights At Nearest Commercial Service Airport

160

Nearest General Aviation Airport

Memphis International

Runway Length at Nearest General Aviation Airport

11,120'

Mean Travel Time to Work (Minutes)

22.6

Access of Interstate

I-40, I-55 & I-240

U.S. Highways

51, 64, 70, 72, 79

State Highways

1, 3, 4, 14, 15, 23, 57, 86, 175, 176, 177, 193, 204, 205, 277, 278, 300, 385, 388

Nearest Port (From County Seat)

Memphis

Railroads Serving County

CSX, Illinois Central Railroad, NS, Burlington Northern Railroad, Union Pacific Railroad

Sources:
Tennessee Department of Transportation
U.S. Census Bureau, 2010-2014 5-Year American Community Survey

Education

General Stats
County Profile
Tennessee

Population Aged 25-64 With High School Degree Or Higher

County Profile: 88.90%

Tennessee: 89.50%

Population Aged 25-64 With Associate's Degree Or Higher

County Profile: 38.30%

Tennessee: 36.70%

Population Aged 25-64 With Bachelor's Degree Or Higher

County Profile: 31.40%

Tennessee: 28.70%

High School Graduation Rate

County Profile: 83%

Tennessee: 89%

College Going Rate

County Profile: 63.50%

Tennessee: 63.40%

Average ACT Score

County Profile: 19.1

Tennessee: 20.2

High School Graduation Rate
College Going Rate
Average ACT Score
Shelby County Schools
Enrollment

Elementary Schools

Enrollment: 50,890

Middle Schools

Enrollment: 22,975

High Schools

Enrollment: 30,606

Arlington Community Schools
Enrollment

Elemetary Schools

Enrollment: 1,649

Middle Schools

Enrollment: 1,258

High Schools

Enrollment: 2,046

Bartlett City Schools
Enrollment

Elemetary Schools

Enrollment: 3,878

Middle Schools

Enrollment: 2,207

High Schools

Enrollment: 2,304

Regional Higher Education Institutions
City
Enrollment

University of Memphis

City: Memphis

Enrollment: 21,453

Southwest Tennessee Community College

City: Memphis

Enrollment: 8,472

Christian Brothers University

City: Memphis

Enrollment: 2,138

Rhodes College

City: Memphis

Enrollment: 2,029

Tennessee College of Applied Technology-Memphis

City: Memphis

Enrollment: 1,652

Baptist Memorial College of Health Sciences

City: Memphis

Enrollment: 1,076

Le Moyne-Owen College

City: Memphis

Enrollment: 959

Southern College of Optometry

City: Memphis

Enrollment: 530

Memphis College of Art

City: Memphis

Enrollment: 378

Tennessee College of Applied Technology-Covington

City: Covington

Enrollment: 388

Sources:
U.S. Census Bureau, 2017 1-Year American Community Survey,
U.S. Census Bureau, 2013-2017 5-Year American Community Survey
Tennessee Department of Education (2017-2018)
National Center for Education Statistics (2016-2017)
Tennessee Higher Education Commission

† Regional higher education institutions include those within the selected and surrounding counties.

Health & Public Safety

Doctors

Number of Doctors

3,407

Overweight & Obesity Prevalence

Adults*

32.6%

Children** (Grade 8)

38.9%

Regional Hospitals
Number of Beds
City

Methodist Hospital-Germantown

Number of Beds: 1,593

City: Germantown

Methodist Hospital-South

Number of Beds: 1,593

City: Memphis

Methodist Hospital - North

Number of Beds: 1,593

City: Memphis

Methodist Healthcare - Memphis Hospitals

Number of Beds: 1,593

City: Memphis

Le Bonheur Children's Hospital

Number of Beds: 1,593

City: Memphis

Baptist Memorial Hospital - Collierville

Number of Beds: 927

City: Collierville

Baptist Memorial Hospital for Women

Number of Beds: 927

City: Memphis

Baptist Memorial Hospital

Number of Beds: 927

City: Memphis

Regional One Health

Number of Beds: 625

City: Memphis

Saint Francis Hospital

Number of Beds: 479

City: Memphis

Delta Medical Center

Number of Beds: 223

City: Memphis

Saint Francis Hospital - Bartlett

Number of Beds: 196

City: Bartlett

St. Jude Children's Research Hospital

Number of Beds: 80

City: Memphis

Healthsouth Rehabilitation Hospital of Memphis

Number of Beds: 80

City: Memphis

Baptist Memorial Rehabilitation Hospital

Number of Beds: 49

City: Germantown

Select Specialty Hospital - Memphis

Number of Beds: 39

City: Memphis

Regional One Health Extended Care Hospital

Number of Beds: 30

City: Memphis

Baptist Memorial Restorative Care Hospital

Number of Beds: 30

City: Memphis

Baptist Memorial Hospital - Tipton

Number of Beds: 100

City: Covington

Sources:
Tennessee Department of Health (2014)
Tennessee Bureau of Investigation (2014)

† Regional hospitals include those within the selected and surrounding counties.

Climate

Climate

Average High Temperature

72.4°F

Average Low Temperature

53.6°F

Average Annual Temperature

63°F

Annual Rainfall

53.67"

Elevation (at County Seat)

331'

Prevailing Winds

Southwest

Sources:
usclimatedata.com (2015)

Community Information

Arlington

Population (2013)

14,158

Charter Type

General Law Mayor-Alderman

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.28

Phone Number

(901) 867-2620

Retire Tennessee Participant

No

Tennessee Downtowns Participant

Yes

Main Street Participant

No

Bartlett

Population (2013)

57,639

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.73

Phone Number

(901) 385-6400

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Collierville

Population (2013)

50,669

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.72

Phone Number

(901) 457-2200

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

Yes

Germantown

Population (2013)

40,955

Charter Type

Private Act

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.67

Phone Number

(901) 757-7200

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Lakeland

Population (2013)

13,693

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

$1.19

Phone Number

(901) 867-2717

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Memphis

Population (2013)

634,139

Charter Type

Home Rule

Local Option Sales Tax Rate

2.75%

City Property Tax Rate

2.70

Phone Number

(901) 576-6500

Retire Tennessee Participant

No

Tennessee Downtowns Participant

No

Main Street Participant

No

Additional Community Information

ThreeStar Certified County

Yes

Sources:
Tennessee Municipal Technical Advisory Service
Tennessee Department of Revenue (2015)
Tennessee Comptroller of the Treasury (2015)
U.S. Census Bureau, 2010-2014 5-Year American Community Survey