Since 1970, Memphis’ population has effectively stagnated, with the population rising from 623,988 to 652,717. Nashville’s population went in that period from 448,003 to 684,410. Since 2010, metro Nashville grew by 232,000, or nearly 14 percent; metro Memphis grew by 23,000, or less than two percent.
Is the Memphis population growing?
The current metro area population of Memphis in 2022 is 1,163,000, a 0.61% increase from 2021. The metro area population of Memphis in 2021 was 1,156,000, a 0.52% increase from 2020. The metro area population of Memphis in 2020 was 1,150,000, a 0.52% increase from 2019.
Is Memphis Tennessee growing?
The state grew by 8.9% — exceeding the 7.4% national rate — and increased to 6.9 million residents in 2020 from 6.3 million reported in 2010.
Is Memphis booming?
Key Employment Stats: GDP of Memphis is over $77 billion, growing by over 30% during the past ten years. Employment in Memphis has grown by 0.96% year-over-year.
What is the fastest shrinking city in America?
Pine Bluff, Ark.
In the last decade, the fastest shrinking city out of the country’s 384 metropolitan areas was Pine Bluff, Ark., southeast of Little Rock, where the population dropped by 12.5 percent between 2010 and 2020, according to The New York Times. The population is now 87,751, down from 100,258, Business Insider reports.
Is Memphis in decline?
Since 1970, Memphis’ population has effectively stagnated, with the population rising from 623,988 to 652,717.
Is Memphis the next big city?
Out of the 66 largest cities in the U.S., Memphis was next to last, beating out only Cleveland, Ohio. Overall, Memphis ranked 487th out of 515 ranked cities.
How is the economy in Memphis?
(WMC) – The Memphis economy is rebounding after experiencing setbacks due to the ongoing coronavirus pandemic. New economic opportunities are on the horizon in the new year. Heading into 2021, there was a sense of optimism that Memphis’ economy would regain momentum.
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.
How black is Memphis?
Memphis Demographics
Black or African American: 64.11% White: 29.23% Other race: 3.28% Asian: 1.72%
Is Memphis improving 2021?
Preliminary figures from the Tennessee Bureau of Investigation showed an increase of 2% for major violent crime in Memphis during 2021 and a 1.2% increase county-wide.
Is Memphis Growing 2021?
Memphis had one of the hottest U.S. residential real estate markets in 2021. Home prices and sales saw a significant increase through the year, and in the Bluff City, 15% more homes sold this year as compared to 2020, according to the Memphis Area Association of Realtors (MAAR).
Is Memphis a hot real estate market?
Is Memphis going to be one of the hottest real estate markets for investors? Over the last decade, the total cumulative rate in Memphis has been 68.48 percent, placing it in the top 30% nationally. This translates to an annual average gain rate of 5.35 percent for Memphis homes, according to NeighborhoodScout’s data.
Which states are losing the most residents?
These regional trends largely continued in 2021. Ten of the 17 states that lost residents last year were in the Northeast and Midwest. For example, New York lost 319,000 people since mid-2020, a decline of 1.58%, the most of any state. That’s primarily because many residents left New York for other states.
What cities are declining?
New York, Los Angeles, Chicago and San Francisco lost a total of over 700,000 people from July 2020 to July 2021, according to the Census Bureau. Meanwhile, Phoenix, Houston, Dallas, Austin and Atlanta gained more than a total of 300,000 residents.
Which states are declining in population?
The 10 States With the Largest Percentage Population Declines in 2021:
- New York: -1.58%
- Illinois: -0.89%
- Hawaii: -0.71%
- California: -0.66%
- Louisiana: -0.58%
- Massachusetts: -0.53%
- North Dakota: -0.52%
- West Virginia: -0.38%
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%).
How much bigger is Atlanta than Memphis?
People
| Memphis, TN | Atlanta, GA | |
|---|---|---|
| Population Density | 2,047.1 | 3,780.4 |
| Land Area | 317.4 | 135.6 |
| Water Area | 9.0 | 1.0 |
| space |
Why is Nashville growing so fast?
What’s Causing Nashville to Grow? Typically, cities grow because of new job opportunities, and Nashville is no different. The healthcare industry is thriving throughout the area along with the music industry. However, another reason the city is growing so fast is the start-up scene.
Is Memphis the next Austin?
We are months away from our city’s bicentennial celebration, and one magazine predicts Memphis is on target to be the next Austin, Texas. August’s issue of Building Design and Construction magazine featured Memphis as the city to watch in 2019.
Is Memphis bigger than Nashville 2021?
Nashville’s metro area, with a population of 1.83 million, is much larger than the nine-county Memphis area, which has an estimated 1.34 million people.
