Shelby County

Business and Economy in Memphis, TN

Being a great place to live also means being a great place to work. A thriving economy helps the tax base (so there’s more money for city improvements) and helps a city attract and retain talent. The median household income in Memphis, TN, is $36,445, and check out the following articles to get an inside look at its key industries and job opportunities.

Employment Overview

While employment opportunities often play a big part in why people move, a city’s unemployment rate also is a major indicator of an economy’s overall health. Regardless of whether personal employment is a factor, lower unemployment rates often mean a region is better able to attract and retain skilled workers, new industries and retailers. The statistics, here, should provide valuable insight into the health and diversity of Memphis’s economy.

Employment Rate in Shelby County, TN

  Employed 94.7%
  Unemployed 5.3%

Occupations in Memphis, TN

Employment in Memphis, TN

Employment Armed Forces 0.1%
Employment Civilian Labor Force 64.1%
Employment Not in Labor Force 35.8%
Employment Total in Labor Force 64.2%

Industry in Memphis, TN

Agriculture, Forestry, Fishing and Hunting and Mining 0.2%
Construction 5.2%
Manufacturing 8.2%
Wholesale Trade 3.4%
Retail Trade 11.3%
Transportation and Warehousing, and Utilities 11.9%
Information 1.6%
Finance and Insurance, and Real Estate and Rental and Leasing 5.1%
Professional, Scientific and Management and Administrative and Waste 10.7%
Educational Services and Health Care and Social Assistance 22.6%
Arts, Entertainment and recreation and Accommodation and food Services 10.3%
Other Services, Except Public Administration 5.1%
Public Administration 4.4%