Census ACS · #45 MSA
Memphis Metro Area
The Memphis, Tn-Ms-Ar Metropolitan Statistical Area has 1,341,606 residents across 3 states. The median household income is $64,743 and the median home value is $228,100.
1,341,606
Population
270
People / sq mi
$64,743
Median Income
$228,100
Median Home Value
The Memphis CBSA covers 4,972 sq mi of land at 269.8 people per square mile.
Race & Ethnicity
| White | 42.5% |
| Black or African American | 46.8% |
| Asian | 0.0% |
| Hispanic or Latino (any race) | 1.2% |
Economy & Income
$64,743
Median Household Income
$36,519
Per Capita Income
12.3%
Poverty Rate
4.2%
Unemployment
Cost of Living
The Memphis metro's price level is 92.2 on the BEA Regional Price Parity index (US average = 100), meaning prices are 7.8% lower the US average. The local median income of $64,743 has the buying power of $70,236 in average-priced US metros.
92.2
Price Level (US = 100)
$70,236
COL-Adjusted Median Income
$64,743
Nominal Median Income
Housing
$228,100
Median Home Value
$1,153
Median Rent
60.6%
Homeownership
Education
89.5%
High School+
30.7%
Bachelor's+
Commute
0.4%
Drive Alone
8.6%
Work From Home
24.4 min
Avg Commute
34.7%
Foreign Born
Memphis spans these states
Nearby metros
Largest cities in Tennessee
Largest counties in Tennessee
Part of Tennessee
Other metros
Metro areas in Tennessee
Metro rankings
Frequently Asked Questions
The Memphis, Tn-Ms-Ar Metropolitan Statistical Area has a population of 1,341,606 according to Census ACS 5-Year estimates, making it the #45 largest CBSA in the US.
The median household income in the Memphis metro area is $64,743, with a per capita income of $36,519.
The Memphis, Tn-Ms-Ar CBSA spans 3 states: Tennessee, Arkansas, Mississippi.
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More from Tennessee
Data for the Memphis, Tn-Ms-Ar CBSA (32820) from the American Community Survey 5-Year estimates. Core-Based Statistical Areas combine cities, suburbs, and surrounding counties tied together by commuting patterns.
Homeownership is the standout figure in Memphis: 60.6% of homes are owner-occupied, lower than the national rate. With 1,341,606 residents, Memphis is a metro area in TN, MS, AR.
Median household income is $64,743, below the US median of $78,538. Roughly 12.3% of residents fall below the poverty line, close to the national 12.4%. Median home value is $228,100, with typical rent around $1,153.
College attainment is above the local norm at 30.7%, below the national 35.0%.
Source: U.S. Census Bureau ACS, 2026.