Job Market
| Memphis, TN | United States | |
|---|---|---|
| Current Unemployment | 8.0% | 6.0% |
| Future Job Growth | 36.6% | 33.5% |
| Recent Job Growth | -5.9% | -6.2% |
| 3 Yr. Job Growth | -3.3% | -3.6% |
Contents
How is the job market in Memphis TN?
– Job Growth in Memphis has been positive. – Memphis has 3.5% less unemployment than Nashville-Davidson. – Memphis job growth has increased by 0.4% in the past 10 years.
What is a good salary in Memphis TN?
Average Salary in Memphis, TN
| Annual Salary | Weekly Pay | |
|---|---|---|
| Top Earners | $84,893 | $1,632 |
| 75th Percentile | $69,801 | $1,342 |
| Average | $58,468 | $1,124 |
| 25th Percentile | $46,691 | $897 |
What is the unemployment rate in Memphis?
The unemployment rate in Memphis peaked in April 2020 at 13.4% and is now 8.1 percentage points lower.
Memphis, Tennessee Unemployment History.
| Date | November 2020 |
|---|---|
| National Unemployment Rate | 6.7% |
| Tennessee Unemployment Rate | 5.6% |
| Memphis Unemployment Rate | 7.2% |
What is it like living in Memphis Tennessee?
Residents of Memphis enjoy mild winters, great sunny summers, and beautiful fall and spring weather conditions. The annual high temperature average is 72.4 degrees with an annual low temperature average of 53.6.Tech Growth – Memphis has been named in the top 10 cities in the country in terms of growth in Tech jobs.
What is the job market like in Nashville?
Out of 150 U.S. metros, Nashville ranks in the top 25 for job gain, job growth, average hourly wage growth, net migration and working-age population growth. The area has landed in the top 10 for four consecutive months, up from No.
Is Memphis a poor city?
The city of Memphis has a poverty rate of 27.8%. Child poverty is 44.9%, while the poverty rate for people over age 65 is the lowest of any age group at 15.8%. Poverty in Memphis has increased markedly for all ages and for non-Hispanic Blacks as a whole, while decreasing for non-Hispanic Whites and for Latinos.
Is it expensive to live in Memphis?
Memphis’s housing expenses are 34% lower than the national average and the utility prices are 3% higher than the national average. Transportation expenses like bus fares and gas prices are 11% lower than the national average. Memphis has grocery prices that are 9% lower than the national average.
How much do you need to make to live comfortably in Memphis?
Memphis is another city where residents aren’t making enough to really take advantage of the low cost of living the way one would hope. While you would need less than $70,000 a year to live comfortably there, the median earner in the city is making less than $40,000 a year.
Who is the largest employer in Memphis?
FedEx Corp.
Ranked by Local full-time employees
| Rank | Rank / Prior rank / URL | Local full-time employees |
|---|---|---|
| 1 | FedEx Corp. 942 S. Shady Grove Rd. Memphis, TN 38120 901-369-3600 fedex.com | 30,000 |
| 2 | Tennessee State Government 40 S. Main St. Memphis, TN 38103 tn.gov | 14,500 |
| 3 | United States Government Memphis, TN 38103 800-333-4636 usa.gov | 13,400 |
Is Memphis a growing city?
Memphis’ population is now 633,104. Across the state line in Mississippi, DeSoto county is booming. Data showed more than 185,000 people now live there, an increase of nearly 15%.It’s reflective of a trend in the data showing that much of the fastest growth occurred in the nation’s largest cities and their suburbs.
How many jobs are available in Memphis?
There were 651,000 jobs in Memphis, Tennessee in September 2021 according to the CES survey of employers. The CPS survey of households showed 612,060 employed persons for the month.
What are the pros and cons of living in Memphis Tennessee?
Here are the key pros and cons of moving to Memphis, TN:
| The Pros of Living in Memphis | The Cons of Living in Memphis |
|---|---|
| You’ll enjoy sports | High sales tax |
| Memphians are friendly | You’ll need a car to move around in Memphis |
| Top-quality education | You may have to deal with tornadoes and violent storms |
Is Memphis better than Nashville?
Both are rich in culture and diversity. The population in Memphis has been steadily decreasing; whereas the booming real estate market in Nashville keeps the city growing. Nashville has continued to be one of the highest ranked U.S. cities for economic growth.
How cold does Memphis get in the winter?
The coldest nights at Memphis drop down to 10 °F (-12 °C) or even less. But the city averages just one night a winter that cold. After a crisp night, most afternoons warm up to above freezing. Usually just four or five days a year stay frosty all day.
Are there a lot of jobs in Nashville?
Nashville’s job market is hotter than ever before, according to a new ranking released by Wall Street Journal that put Music City as the second-hottest job market in the country, up five spots from the year before.
What is Nashville’s crime rate?
Up 8% from 2019, the violent crime rate in the Nashville, Tennessee, metro area stands at 616 incidents per 100,000 people — well above the national rate. The increase in violent crime in the Nashville area was led by homicides, which surged by nearly 29% year over year.
What is the racial makeup of Memphis Tennessee?
Black or African American: 62.6% White: 31.7% (Non-Hispanic Whites: 29.5%) Hispanic or Latino (of any race): 5.0% Asian: 1.7%
What is the median salary in Memphis?
Table
| Population | |
|---|---|
| Mean travel time to work (minutes), workers age 16 years+, 2015-2019 | 21.7 |
| Income & Poverty | |
| Median household income (in 2019 dollars), 2015-2019 | $41,228 |
| Per capita income in past 12 months (in 2019 dollars), 2015-2019 | $25,605 |
Is Memphis the poorest city in America?
In 2019, Memphis continued in second place in both overall poverty and child poverty among large Metropolitan Statistical Areas (MSA) with populations greater than 1,000,000 and in child poverty among large cities with populations greater than 500,000.
Does Memphis get cold?
In Memphis, the summers are long, hot, and muggy; the winters are short, very cold, wet, and windy; and it is partly cloudy year round. Over the course of the year, the temperature typically varies from 34°F to 91°F and is rarely below 20°F or above 97°F.
