Last updated: 2024 BLS data · Page refreshed:
Memphis has a population of 1,064 with a median age of 45.7. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,064 |
| Median Age | 45.7 |
| White | 89.9% |
| Black or African American | 2.4% |
| Asian | 0.5% |
| Hispanic or Latino | 3.9% |
| Other / Two or More Races | 3.3% |
The median household income in Memphis is $57,222, which is 29.0% below the national median of $80,610. The per capita income is $32,091. The poverty rate is 24.7%.
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In Memphis, 87.8% of residents age 25+ have a high school diploma or higher, and 14.9% hold a bachelor's degree or higher (3.1% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 87.8% |
| Bachelor's Degree or Higher | 14.9% |
| Graduate or Professional Degree | 3.1% |
The median home value in Memphis is $213,300, below the national median of $303,400. The median monthly rent is $820. The homeownership rate is 67.6%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $213,300 |
| Median Monthly Rent | $820 |
| Homeownership Rate | 67.6% |
| Vacancy Rate | 9.1% |
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