New report shows Memphis' poverty rate declining - WMC Action News 5 - Memphis, Tennessee

New report shows Memphis' poverty rate declining

(Source: WMC Action News 5) (Source: WMC Action News 5)
MEMPHIS, TN (WMC) -

Good news from the Associated Press this week.

According to the AP, the latest U.S. Census data released this week shows Memphis is no longer the country’s poorest large metro area. This is after a reported drop in the local poverty rate this year.

The report revealed an estimated 18.4 percent of the metro area’s more than 1 million residents were below the national poverty line. The federal poverty threshold was $24,250 for a four-member household, or $15,930 for two people in 2015.

In 2014, that percentage was 20.3 percent.

The most recent findings are the lowest reported level since 2008, which makes Memphis now the second poorest large metro area in the U.S. after Tucson, Arizona.

Number three on the list is New Orleans, Louisiana.  

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

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