Last updated: 2024 BLS data · Page refreshed:
Memphis has a population of 9,185 with a median age of 36.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 9,185 |
| Median Age | 36.7 |
| White | 44.4% |
| Black or African American | 28.6% |
| Asian | 1.2% |
| Hispanic or Latino | 31.5% |
The median household income in Memphis is $74,839, which is 7.2% below the national median of $80,610. The per capita income is $35,148. The poverty rate is 14.2%.
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In Memphis, 85.0% of residents age 25+ have a high school diploma or higher, and 22.5% hold a bachelor's degree or higher (7.4% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 85.0% |
| Bachelor's Degree or Higher | 22.5% |
| Graduate or Professional Degree | 7.4% |
The median home value in Memphis is $313,800, above the national median of $303,400. The median monthly rent is $1,173. The homeownership rate is 81.2%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $313,800 |
| Median Monthly Rent | $1,173 |
| Homeownership Rate | 81.2% |
| Vacancy Rate | 23.3% |
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