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 1.24x the national median and household incomes are 1.37x the national median.
But where exactly in Memphis do the richest of the rich people live? That would be Eads-Fisherville where the median income is a cool $130,959.
Here’s a look at the top 10 richest neighborhoods in Memphis out of 13 for 2018:
- Eads-Fisherville (Homes)
- Windyke-Southwind (Homes)
- River Oaks-Kirby-Balmoral (Homes)
- Cordova-Appling (Homes)
- East Memphis-Colonial-Yorkshire (Homes)
- Hickory Ridge-South Riverdale (Homes)
- Raleigh (Homes)
- White Haven-Coro Lake (Homes)
- Parkway Village-Oakhaven (Homes)
- Midtown (Homes)
Summing up the median income of those 10 neighborhoods adds up to $509,853. 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.
How We Determined The Most Well To Do Neighborhoods In Memphis For 2018
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?
We ranked every neighborhood in Memphis by median income from highest to lowest. The neighborhood with the highest median income, Eads-Fisherville, was named the richest neighborhood in Memphis.
The poorest neighborhood? That would be Downtown.
Now a look at how all the neighborhoods in Memphis ranked.
For more Tennessee reading, check out:
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- These Are The 10 Richest Cities In Tennessee
- 10 Best Places To Live In Tennessee
Detailed List Of The Richest Neighborhoods In Memphis For 2018
|Rank||Neighborhood||Median Household Income|
|6||Hickory Ridge-South Riverdale||$45,477|
|8||White Haven-Coro Lake||$34,756|