Richest Neighborhoods In Memphis, TN For 2020


We used science and data to determine which Memphis neighborhoods have the richest people.

Editor’s Note: We updated this article for 2020. This is our fifth time ranking the richest neighborhoods to live in Memphis.
Richest Neighborhoods In Memphis

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they probably aren’t made of ticky tacky, they are definitely made of money.

These are the wealthiest neighborhoods that Memphis has to offer. Where houses go for over 1.38x the national median and household incomes are 1.56x the national median.

But where exactly in Memphis do the richest of the rich people live? That would be Windyke-Southwind where the median income is a cool $85,767.

Here’s a look at the top 10 richest neighborhoods in Memphis out of 13 for 2020.

What’s the richest neighborhood to live in Memphis for 2020? According to the most recent census data, Windyke-Southwind looks to be the richest Memphis neighborhood to live in.

Summing up the median income of those 10 neighborhoods adds up to $527,178. And that my friend, is more 0s than most of us will see in our bank account for a long, long time — if we ever get that lucky. Continue on to find where your neighborhood ranks amongst the richest in Memphis. Once you’re done, you can look at the bottom of the story for a complete chart of every neighborhood we looked at from richest to poorest.

For more Memphis reading, check out the best neighborhoods in Memphis and the worst neighborhoods in Memphis. Or, for living around Memphis, out the best Memphis suburbs and the worst Memphis suburbs.

For more Tennessee reading, check out:

How We Determined The Wealthiest Neighborhoods In Memphis For 2020

Every city has it’s best neighborhoods — where everyone wants to live — and the worst neighborhoods — where no one wants to live. And then you have the wealthiest neighborhoods, where no one can afford to live.

And by no one, we really mean you because there’s always someone richer than you.

How do you quantify richer than you? We looked at one simple criterion:

Which neighborhoods have the highest median income?

Using census and extrapolated BLS data, we ranked every neighborhood based on income levels.

We ranked every neighborhood in Memphis by median income from highest to lowest. The neighborhood with the highest median income, Windyke-Southwind, was named the richest neighborhood in Memphis.

The poorest neighborhood? That would be Shelby Forest-Frayser.

Now a look at how all the neighborhoods in Memphis ranked.

For more Tennessee reading, check out:

Detailed List Of The Richest Neighborhoods In Memphis For 2020

Rank Neighborhood Median Household Income<
1 Windyke-Southwind $85,767
2 Eads-Fisherville $77,857
3 Cordova-Appling $65,003
4 River Oaks-Kirby-Balmoral $64,831
5 East Memphis-Colonial-Yorkshire $47,789
6 Hickory Ridge-South Riverdale $45,212
7 Raleigh $37,105
8 Parkway Village-Oakhaven $34,723
9 Midtown $34,572
10 White Haven-Coro Lake $34,319
11 Berclair-Highland Heights $29,979
12 Downtown $25,786
13 Shelby Forest-Frayser $24,694

About Chris Kolmar

Chris Kolmar has been in the real estate business for almost ten years now. He originally worked for Movoto Real Estate as the director of marketing before founding HomeSnacks.

He believes the key to finding the right place to live comes down to looking at the data, reading about things to do, and, most importantly, checking it out yourself before you move.

If you've been looking for a place to live in the past several years, you've probably stumbled upon his writing already.

You can find out more about him on LinkedIn or his website.