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%.
Where does Memphis rank in poverty?
MEMPHIS, Tenn. — Not only is Memphis ranked number one in overall poverty rates for areas with more than a million people, but also leading the nation with the highest number of children living in poverty as well.
What is the poverty income level in Memphis TN?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $41,864 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $26,704 |
| Persons in poverty, percent | 24.6% |
What percentage of people live below the poverty line 2020?
11.4 percent
The official poverty rate in 2020 was 11.4 percent, up 1.0 percentage point from 10.5 percent in 2019. This is the first increase in poverty after five consecutive annual declines (Figure 8 and Table B-4).
How many people in Tennessee live below the poverty line?
In 2019, 13.9 percent of Tennessee’s population lived below the poverty line.
Is Memphis TN a poor city?
The city of Memphis has a poverty rate of 21.7%. Child poverty is 35.0%, while the poverty rate for people over age 65 is the lowest of any age group at 14.1%. Poverty in Memphis has decreased markedly for all ages and for non-Hispanic Whites and Blacks as a whole, while increasing slightly for Hispanics/Latinos.
How many children live in poverty in Memphis?
44.9 percent of children in Memphis are living in poverty. 176,764 of the population in Memphis lives on less than the federal poverty level. These numbers are too high, and too many of our neighbors are still suffering.
What is considered low income in TN?
What is considered low income? What is considered an affordable housing cost* for families? A full-time employee, for example, earning the minimum wage of $7.25/hour in Tennessee (last increase was in 2008) earns $15,080/year – considered very low income if they are a single person household.
What is middle class income in TN?
Tennessee households must make at least $21,573 to reach middle class, study finds. (The Center Square) – In Tennessee, households must earn a minimum of $21,573 per year to be considered middle class, with the upper earnings boundary set at $98,679, according to a new 24/7 Wall St. analysis.
What is the cost of living in Memphis?
Memphis cost of living is 76.0
| COST OF LIVING | Memphis | Tennessee |
|---|---|---|
| Grocery | 93.3 | 95.4 |
| Health | 98.4 | 101.9 |
| Housing | 37.1 | 71.2 |
| Median Home Cost | $123,800 | $231,600 |
What is the poorest state in the U.S. 2020?
Mississippi
Poorest U.S. States. Mississippi is the poorest U.S. state. Mississippi’s median household income is $45,792, the lowest in the country, with a livable wage of $46,000. Additionally, the state has a poverty rate of 19.6%, the highest of any state.
What race is the poorest in the United States?
As of 2010 about half of those living in poverty are non-Hispanic white (19.6 million). Non-Hispanic white children comprised 57% of all poor rural children. In FY 2009, African American families comprised 33.3% of TANF families, non-Hispanic white families comprised 31.2%, and 28.8% were Hispanic.
Which race has highest poverty rate?
U.S. Poverty Statistics – Race
Blacks have the highest poverty rate at 19.5% and Non-Hispanic whites the lowest at 8.2%. The Poverty rate for Blacks and Hispanics is more than double that of non-Hispanic Whites.
What county in Tennessee has the highest poverty rate?
The poverty rate is more than 11% higher in Grundy than the rest of the state. Compared to all of Tennessee, about 15% less adults hold a bachelor’s degree in Grundy.
What is the poorest place in Tennessee?
Morristown was ranked the poorest city in Tennessee in a 24/7 Wall St. analysis examining U.S. municipalities where households earn less than the nation’s median annual household income of $65,712.
Where is the most poverty in Tennessee?
Cities in Tennessee with the most living in poverty
- #8. Dyersburg.
- #7. Cookeville.
- #6. Memphis.
- #5. Lawrenceburg.
- #4. Morristown.
- #3. Athens.
- #2. Union City. – Percent of individuals living below the poverty line: 31.0%
- #1. McMinnville. – Percent of individuals living below the poverty line: 31.6%
What are the poorest ZIP codes in Memphis?
| List of Poorest Zipcodes in Metro Memphis | ||
|---|---|---|
| Rank | Zipcode | Median Household Income |
| 1 | 38126 | $14548 |
| 2 | 38108 | $20747 |
| 3 | 38106 | $24007 |
What is the poverty rate for Shelby County TN?
Table
| Population | |
|---|---|
| Income & Poverty | |
| Median household income (in 2020 dollars), 2016-2020 | $52,092 |
| Per capita income in past 12 months (in 2020 dollars), 2016-2020 | $31,272 |
| Persons in poverty, percent | 19.1% |
What is the unemployment rate in Memphis TN?
Memphis, TN-MS-AR
| Data Series | Nov 2021 | Jan 2022 |
|---|---|---|
| Unemployment Rate(3) | (2)4.3 | 5.2 |
| Nonfarm Wage and Salary Employment | ||
| Total Nonfarm(4) | 655.8 | 649.1 |
| 12-month % change | 1.3 | 3.1 |
What is the crime rate in Memphis?
With a crime rate of 82 per one thousand residents, Memphis has one of the highest crime rates in America compared to all communities of all sizes – from the smallest towns to the very largest cities. One’s chance of becoming a victim of either violent or property crime here is one in 12.
What is the racial makeup of Memphis Tennessee?
The 5 largest ethnic groups in Memphis, TN are Black or African American (Non-Hispanic) (62.8%), White (Non-Hispanic) (25.9%), White (Hispanic) (4.46%), Other (Hispanic) (2.89%), and Asian (Non-Hispanic) (2.08%).
