The 5 Richest Neighborhoods In Memphis, TN For 2024

The richest Memphis neighborhoods are Windyke-Southwind and River Oaks-Kirby-Balmoral for 2024 based on Saturday Night Science.

Richest Neighborhoods In Memphis
Source: Wikipedia User Thomas R Machnitzki | GFDL

Welcome to the land of the 1%. Where you’ll find lawyers, and doctors, and business executives. And while they 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 1.43x the national median and household incomes are 2.17x 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 $119,571.

Here’s a look at the top 10 wealthiest neighborhoods in Memphis out of 13 for 2024.

What’s the richest neighborhood to live in Memphis for 2024? 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 $594,680. 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.

Find where your neighborhood ranks amongst the richest in Memphis.

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.

Table Of Contents: Table | Methodology

Richst Neighborhoods In Memphis For 2024 By Median Income

Rank Neighborhood Median Household Income
1 Windyke-Southwind $119,571
2 River Oaks-Kirby-Balmoral $82,462
3 Cordova-Appling $68,405
4 East Memphis-Colonial-Yorkshire $60,304
5 Eads-Fisherville $54,588
6 Hickory Ridge-South Riverdale $49,911
7 Raleigh $41,580
8 Midtown $40,518
9 White Haven-Coro Lake $39,603
10 Parkway Village-Oakhaven $37,738
11 Berclair-Highland Heights $32,973
12 Shelby Forest-Frayser $30,093
13 Downtown $30,027

How We Determined The Wealthiest Neighborhoods In Memphis For 2024

Every city has its 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 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 Saturday Night Science, we researched income data from the Census and BLS for every neighborhood in Memphis.

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 wealthiest neighborhood in Memphis.

The richest neighborhoods in Memphis are Windyke-Southwind, River Oaks-Kirby-Balmoral, Cordova-Appling, East Memphis-Colonial-Yorkshire, Eads-Fisherville, Hickory Ridge-South Riverdale, Raleigh, Midtown, White Haven-Coro Lake, and Parkway Village-Oakhaven.

The poorest neighborhood? That would be Downtown.

The poorest neighborhoods in Memphis are Downtown, Shelby Forest-Frayser, Berclair-Highland Heights, Parkway Village-Oakhaven, and White Haven-Coro Lake.

We updated this article for 2024. This is our tenth time ranking the most affluent neighborhoods to live in Memphis.

For more Tennessee reading, check out:

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.