Memphis business statistics
Employer establishments with 1-49 employees
(2007) |
24,945 |
78,289 |
Small business growth rate
(2004-2007) |
3% |
5.3% |
State business tax climate ranking
(out of 50 states) |
17 |
N/A |
Percentage of population with bachelor's degree
(ages 25-34) |
24.8% |
32.7% |
Violent crime
(rate per 100,000 inhabitants, 2007) |
1,217.9 |
537.6 |
Property crime
(rate per 100,000 inhabitants, 2007) |
5,739.9 |
3,700.0 |
Population growth
(2003-2008) |
4% |
6.38% |
Per-capita income
(2007) |
$37,147 |
$41,342 |
Per-capita income growth
(2002-2007) |
22% |
25.0% |
GDP (in millions)
(2006) |
$60,564 |
$164,601 |
GDP growth
(2001-2006) |
30% |
32% |
Average hourly wage
(2008) |
18.28 |
$21.03 |
Housing foreclosure rate
(first half of 2009) |
64 |
113 |
Median rent
(2009, for a 2-bedroom housing unit) |
$806 |
$981 |
Housing price-to-income (HPI) ratio
(first quarter of 2009) |
1.0% |
1.8% |
Long-term HPI ratio
(20-year average, 1984-2004) |
1.56% |
1.85% |
HPI deviation from long-term average
|
-39% |
0.0% |
|
From the November 2009 issue |
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