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VOL. 131 | NO. 187 | Monday, September 19, 2016

Figures Show Metro Memphis' Poverty Rates Decline

The Associated Press

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MEMPHIS, Tenn. (AP) – Figures show metropolitan Memphis is no longer the nation's poorest large metro area following a drop in the local poverty rate last year.

News agencies report the latest U.S. Census data, released Thursday, reveals that an estimated 18.4 percent of the metro's more than 1 million residents were living below the federal poverty threshold of $24,250 for a four-member household or $15,930 for two people in 2015. That's compared with 20.3 percent in 2014.

Last year's percentage is the lowest level reported since 2008, making Memphis the second poorest large metro area in the U.S. after Tucson, Arizona. The large metro area with the third-highest poverty rate last year was New Orleans.

Nationwide, 14.7 percent of the population was impoverished last year, down from 15.5 percent in 2014.

Copyright 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 101 603 9,602
MORTGAGES 92 538 10,616
FORECLOSURE NOTICES 3 40 1,289
BUILDING PERMITS 215 1,282 20,958
BANKRUPTCIES 51 408 6,108
BUSINESS LICENSES 20 154 3,939
UTILITY CONNECTIONS 31 124 2,892
MARRIAGE LICENSES 21 111 2,021