Memphis, IN demographics:
population, income, and more

Total population
784
-15.5% year-over-year change
Median household income
$137,560/yr
17.7% year-over-year change
Housing units
358
-4.8% year-over-year change

Memphis population

How many people live in Memphis

Memphis is home to 784 residents, according to the most recent Census data. Gender-wise, 44.3% of Memphis locals are male, and 55.7% are female.

Total population
784
-15.5% year-over-year change
Gender ratio
Male
44.3%
347
Female
55.7%
437
Value Percent YoY change
Male 347 44.3% -21.1%
Female 437 55.7% -10.4%
A higher population often means more rental variety and livelier areas. The gender balance—how many men live here compared to women—can reveal a lot about the community and the lifestyles of its residents. Use this info to get a sense of the area's pace and personality.

Age demographics

The median age in Memphis is 37, with the population distributed as follows: about 20.7% are children under 15, then 9.3% are in the 15 to 24 age group. Adults between 25 and 44 make up 31% of the population, while another 27.3% fall into the 45 to 64 bracket. Finally, around 11.7% are 65 or older.

Median age
36.7
Age breakdown
Under 15
20.7%
15 to 24
9.3%
25 to 44
31%
45 to 64
27.3%
Over 65
11.7%
Value Percent YoY change
Under 15 162 20.7% -21.4%
15 to 24 73 9.3% 10.6%
25 to 44 243 31% -22.9%
45 to 64 214 27.3% -18.0%
Over 65 92 11.7% 15.0%
The age composition helps you get insight into who lives in the area. A younger population might mean a more active, fast-paced vibe, while an older one could suggest a quieter, slower lifestyle. If there's a balanced makeup, you’re likely to find a variety of services, housing types, and community spaces that cater to different life stages.

Racial makeup

There’s also a share of 2.2% that includes residents with two or more races.

Citizenship
U.S.-born citizens
100%
Non-U.S.-born citizens
0%
Non-citizens
0%
Value Percent YoY change
U.S.-born citizens 784 100% -15.5%
Racial breakdown
White
97.8%
Black or African American
0%
American Indian and Alaska Native
0%
Asian
0%
Native Hawaiian and other Pacific Islander
0%
Two or more races
2.2%
Other
0%
Value Percent
White 767 97.8%
Two or more races 17 2.2%

Households in Memphis

A peek inside Memphis households

Memphis has 314 households, with an average of 2 members in each. Of these, 96.2% are families, while the remaining 3.8% are made up of individuals living alone or with non-relatives, such as roommates.

Households stats

Total households
314
-16.5% year-over-year change
Average people per household
2
Non-family households
12
Family households
302
Value Percent YoY change
Non-family households 12 3.8% -53.9%
Family households 302 96.2% -13.7%
The mix between family and non-family households gives a glimpse into daily life. A higher percentage of families might mean more parks and schools, while more non-family setups can mean flexible housing and diverse living styles. For renters, this can signal what kinds of homes are common and can help you figure out if the area matches your lifestyle.

Housing in Memphis

The housing landscape of Memphis

Memphis's housing consists of 358 units, with 84.1% being detached single-family homes ideal for those wanting space. Attached options, including duplexes and townhouses, make up 12.3% and offer a more compact, shared living style. Then there are the multifamily buildings in the area, and for those seeking flexibility, non-traditional options like mobile homes account for 3.6% of the housing landscape.

Housing units
358
-4.8% year-over-year change
Housing types
Value Percent
1 unit, detached 301 84.1%
1 unit, attached 44 12.3%
Mobile home 13 3.6%
Homes built since 2020
0
% year-over-year change

The age of buildings in Memphis

In Memphis, the median construction year is 2013. Most development happened in the second half of the 20th century.

Construction year breakdown by decade
Value Percent YoY change
Built between 1970 and 1979 20 5.6% -50.0%
Built between 1990 and 1999 25 7% 13.6%
Built between 2000 and 2009 58 16.2% -27.5%
Built between 2010 and 2019 255 71.2% 9.0%
As a renter, knowing when homes were built helps you understand the potential condition and design of rental units. Newer builds may have more contemporary layouts, while older homes can offer character or larger lots, depending on the area.

Memphis occupancy rates

Out of the 314 occupied housing units in Memphis, 88.2% are owner-occupied, while 11.8% are lived in by tenants. Meanwhile, 12.3% of all homes on the local market sit vacant.

Occupied housing units
314
-16.5% year-over-year change
Occupancy breakdown
Renter occupied
37
Owner occupied
277
Value Percent YoY
change
Renter occupied 37 11.8% -15.9%
Owner occupied 277 88.2% -16.6%
Unoccupied housing units
12.3%
Unoccupied housing units refer to homes that are currently without residents—whether they're waiting for renters or owners, used seasonally, or simply unclaimed. A higher share of empty homes may mean more housing availability, while a low number can reflect a tighter market with more competition. This, along with the renter-vs.-owner mix, helps paint a clearer picture of what types of housing and services are likely to be available in the area.

Memphis housing costs

Median housing costs per month
$1,254/month
This figure sums up typical monthly housing costs for all households in the area. If you own, it includes mortgage payments in addition to property taxes, insurance and HOA fees. If you rent, it accounts for rent plus extras like utilities. It’s useful for seeing how local living expenses stack up compared to other places.

Education in Memphis

Memphis education at a glance

About 23.2% of the population in Memphis went to high school, while 39.7% pursued college studies. Another 12.2% earned an associate degree and 17.7% hold a bachelor’s. Meanwhile, 7.2% went even further, earning a master’s or doctorate.

Education level
Value Percent YoY change
High school diploma 135 23.2% -20.1%
College diploma 231 39.7% -12.5%
Associate degree 71 12.2% -36.6%
Bachelor's degree 103 17.7% -7.2%
Graduate degree 42 7.2% 27.3%
A community’s education mix can offer insights into the local economy and housing market. Higher levels of education often align with more job opportunities and stable incomes, which can increase demand for homes and influence both rent prices and rental availability.

Income in Memphis

How much people earn in Memphis

The average annual household income in Memphis was $153,946 in 2024, the most recent annual data available, according to the U.S. Census Bureau. This marked a +9% change from the previous year. At the same time, the median income stood at $137,560, reflecting a +17.7% shift over the same period.

Average household income in Memphis
$153,946/year
9.0% year-over-year change
Median household income in Memphis
$137,560/year
17.7% year-over-year change

Memphis income by age

In Memphis, households led by residents aged 25 to 44 — usually in the early to mid stages of their careers — have a median income of $88,910. Overall, 100% of the locals in this community live above the poverty line.

Income breakdown by age
Value YoY change
25 - 44 $88,910 3.3%
Above poverty level
784
Below poverty level
0
Value Percent YoY
change
Above poverty level 784 100% -15.5%

Employment in Memphis

Workforce and job types in Memphis

The job market in Memphis is powered by 513 working residents, spread across a range of industries and roles. 71.5% of the working population are employed in professional or administrative positions, while 28.5% are in hands-on or service-based jobs. Also, 6% run their own businesses, 56.7% are employed by private companies, and 18.5% work in the public sector.

Workforce demographics

Working population
513
-18.2% year-over-year change
White collar
367
Blue collar
146
Value Percent YoY change
White collar 367 71.5% -20.4%
Blue collar 146 28.5% -12.1%
Employer type
Self employees
6%
Private companies
56.7%
Governmental workers
18.5%
Not for profit companies
18.7%
Value Percent YoY change
Self employees 31 6% -50.8%
Private companies 291 56.7% -24.4%
Governmental workers 95 18.5% 33.8%
Not for profit companies 96 18.7% -11.1%

Transportation in Memphis

How people get around in Memphis

In Memphis, the average commute time is 26 minutes.

Commute time
26 min
-0.8% year-over-year change
Means of transportation
Value Percent YoY change
Car 491 95.7% -19.4%
Understanding how locals get to work can help you plan your own routine. High car usage might mean you’ll need a vehicle, while strong public transit or walkability could save you the hassle. Commute times also play a big role in quality of life—shorter trips can give you more time for the things you enjoy.

Explore more communities

FAQs about Memphis demographics 

What is the total population of Memphis?

Memphis has a total population of 784 residents, according to the latest release from the U.S. Census Bureau: the 2019-2023 American Community Survey (ACS) 5-year estimates. This figure changed by -15.5% compared to a year ago.

What is the gender ratio in Memphis?

The gender ratio in Memphis is as follows:
  • 44.3% males (347 residents)
  • 55.7% females (437 residents)

What is the median age in Memphis?

The median age in Memphis is 36.7.

What is the age distribution of the population in Memphis?

The age distribution in Memphis is as follows:
  • Under 15: 20.7% (162 residents)
  • Ages 15-24: 9.3% (73 residents)
  • Ages 25-44: 31% (243 residents)
  • Ages 45-64: 27.3% (214 residents)
  • Over 65: 11.7% (92 residents)

What is the racial and ethnic makeup of Memphis?

The racial and ethnic makeup of Memphis is as follows:
  • White: 97.8% (767 residents)
  • Black or African American: 0% (0 residents)
  • American Indian and Alaska Native: 0% (0 residents)
  • Asian: 0% (0 residents)
  • Native Hawaiian and Other Pacific Islander: 0% (0 residents)
  • Two or More Races: 2.2% (17 residents)
  • Other: 0% (0 residents)

What percentage of the population in Memphis are U.S.-born citizens?

U.S.-born citizens represent 100% of the population in Memphis.

How many housing units are there in Memphis?

There are 358 housing units in Memphis, reflecting a -4.8% change compared to the previous year, according to the latest data from the U.S. Census Bureau.

How many households are in Memphis and what is the average household size?

Memphis has a total of 314 households, with an average of 2 people in each.

What is the median household income in Memphis?

Memphis has a median household income of $137,560, representing a +17.7% shift from the previous year, according to the U.S. Census Bureau.

What is the job market overview for Memphis?

Here’s a detailed breakdown of the local job market:

Job types:
  • White-collar workers: 71.5% (367 residents)
  • Blue-collar workers: 28.5% (146 residents)

Places of employment:
  • Self-employed: 6% (31 residents)
  • Private companies: 56.7% (291 residents)
  • Governmental workers: 18.5% (95 residents)
  • Not-for-profit companies: 18.7% (96 residents)

Data source & methodology

The demographic data on this page was sourced from the latest U.S. Census Bureau release—the 2019–2023 American Community Survey (ACS) 5-year estimates.

The information, issued annually, is compiled and published by the Point2Homes Research Team as soon as new data becomes available.

No representation, guarantee, or warranty is made concerning the accuracy or completeness of modified or aggregated information for particular areas.

Page last updated: September 2025