Last updated: 2024 BLS data · Page refreshed:
Memphis has a population of 2,174 with a median age of 40.6. Here is the racial and ethnic breakdown of the population:
| Demographic | Value |
|---|---|
| Total Population | 2,174 |
| Median Age | 40.6 |
| White | 57.1% |
| Black or African American | 4.8% |
| Asian | 0.6% |
| Hispanic or Latino | 37.1% |
The median household income in Memphis is $47,639, which is 40.9% below the national median of $80,610. The per capita income is $25,023. The poverty rate is 17.3%.
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In Memphis, 82.2% of residents age 25+ have a high school diploma or higher, and 20.5% hold a bachelor's degree or higher (5.5% with a graduate or professional degree).
| Education Level | % of Adults (25+) |
|---|---|
| High School Diploma or Higher | 82.2% |
| Bachelor's Degree or Higher | 20.5% |
| Graduate or Professional Degree | 5.5% |
The median home value in Memphis is $77,300, below the national median of $303,400. The median monthly rent is $491. The homeownership rate is 72.8%.
| Housing Metric | Value |
|---|---|
| Median Home Value | $77,300 |
| Median Monthly Rent | $491 |
| Homeownership Rate | 72.8% |
| Vacancy Rate | 18.1% |
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