Last updated: 2024 BLS data · Page refreshed:
Memphis has a population of 1,782 with a median age of 37.8. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 1,782 |
| Median Age | 37.8 |
| White | 95.1% |
| Black or African American | 0.3% |
| Hispanic or Latino | 0.2% |
| Other / Two or More Races | 4.4% |
The median household income in Memphis is $55,125, which is 31.6% below the national median of $80,610. The per capita income is $27,297. The poverty rate is 12.2%.
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In Memphis, 86.9% of residents age 25+ have a high school diploma or higher, and 20.3% hold a bachelor's degree or higher (9.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 86.9% |
| Bachelor's Degree or Higher | 20.3% |
| Graduate or Professional Degree | 9.5% |
The median home value in Memphis is $132,800, below the national median of $303,400. The median monthly rent is $471. The homeownership rate is 71.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $132,800 |
| Median Monthly Rent | $471 |
| Homeownership Rate | 71.8% |
| Vacancy Rate | 29.4% |
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