Memphis is the largest city in the state of Tennessee; and has one of the worst unemployment rates for a major city. The population of Memphis is 650,932. Income of nearly 35 percent of the population of Memphis is less than $25,000; around 4.8 percent earn more than $150,000. Memphis is plagued by problems like urban blight, shrinking tax base and high violent crime rate.
Around 1.54 million people live in Philadelphia, which one magazine called “the poorest big city in America.” Around 36 percent of the population earns less than $25,000; the income of only around 5.3 percent is above $150,000. Poverty has been a major issue in this city for decades.