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Memphis, Indiana

Last updated: 2024 BLS data · Page refreshed:

City Profile — Demographics, Income, Education & Housing
Data: U.S. Census Bureau, American Community Survey 2024 5-Year Estimates
784
Population
$137,560
Median Income
$235,900
Home Value
36.7
Median Age

Demographics

Memphis has a population of 784 with a median age of 36.7. Here is the racial and ethnic breakdown of the population:

White
97.8%
Other
2.2%
Demographic Value
Total Population784
Median Age36.7
White97.8%
Other / Two or More Races2.2%
Memphis, Indiana — racial composition (Census ACS 2024)Donut chart of 2 segments totaling 100.White: 97.8%Other: 2.2%784PopulationWhiteWhite97.8%OtherOther2.2%

Income & Economy

The median household income in Memphis is $137,560, which is 70.6% above the national median of $80,610. The per capita income is $59,511.

$137,560
Median Household Income
$59,511
Per Capita Income

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Education

In Memphis, 92.5% of residents age 25+ have a high school diploma or higher, and 26.4% hold a bachelor's degree or higher (7.7% with a graduate or professional degree).

HS Diploma+
92.5%
Bachelor's+
26.4%
Graduate+
7.7%
Education Level % of Adults (25+)
High School Diploma or Higher92.5%
Bachelor's Degree or Higher26.4%
Graduate or Professional Degree7.7%

Housing

The median home value in Memphis is $235,900, below the national median of $303,400. The homeownership rate is 88.2%.

$235,900
Median Home Value
88.2%
Homeownership Rate
Housing Metric Value
Median Home Value$235,900
Homeownership Rate88.2%
Vacancy Rate12.3%

Salaries in Indiana

Explore salary data for popular occupations in Indiana:

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Other Cities in Indiana

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Frequently Asked Questions

What is the population of Memphis, Indiana?
The population of Memphis, Indiana is 784 according to U.S. Census Bureau ACS 2024 5-Year Estimates.
What is the median household income in Memphis, Indiana?
The median household income in Memphis, Indiana is $137,560. This is 70.6% above the national median of $80,610.
What is the median home value in Memphis, Indiana?
The median home value in Memphis, Indiana is $235,900.
What percentage of people in Memphis have a college degree?
In Memphis, Indiana, 26.4% of adults age 25 and older hold a bachelor's degree or higher, and 92.5% have a high school diploma or higher.
Is Memphis, Indiana an affordable place to live?
The home price-to-income ratio in Memphis, Indiana is 1.7x (median home value $235,900 vs. median income $137,560), making it relatively affordable by that measure. A ratio under 4.0 is generally considered affordable.

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