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CITY · 2020 ACS

Memphis

Florida · 9,024 residents · 3.252 sq mi
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The short version

Memphis has lower-than-average household income, with a median household income of $56,197. Population has grown 24% since 2000. Median home value has more than doubled since 2000, reaching $170,100.

At a glance
Lower income
below the US median
US median: $66,278
Mid-age
median age 37.5
US median: 38.8
Less educated
24% hold a bachelor's degree
US average: 33%
Less affordable
home values up 54%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
9,024
+24%since 2000
from 7,264 in 2000
1990 – 2024
Population density
2,775 / sq mi
+24%since 2000
from 2,234 / sq mi in 2000
US average: 280
Median age
37.5
+11%since 2000
from 33.9 in 2000
US average: 38.8
Population, 1990 – 2024
6K8K9K10K11K1990201020202024Memphis
20249K
1990201020202024
Section 02

Income & economy

Median household income
$56,197
+15%inflation adjusted, since 2000
from $32,576 in 2000
US average: $66,278
1990 – 2024
Per capita income
$23,349
+58%since 2000
from $14,778 in 2000
US average: $35,364
Households earning $100K+
36.0%
+14.8 ptssince 2009
from 21.3% in 2009
US average: 43.9%
Poverty rate
20.4%
−0.3 ptssince 2000
from 20.7% in 2000
US average: 12.8%
Workforce by industry, 2020
Information9.8%
US avg: 11.1%
Finance & insurance8.5%
US avg: 5.5%
Professional, scientific, technical8.3%
US avg: 4.7%
Retail trade7.9%
US avg: 10%
Arts, entertainment, food3.9%
US avg: 2%
Wholesale trade3.8%
US avg: 6.7%
Other services2.2%
US avg: 6.6%
Public administration1.9%
US avg: 4.7%
Agriculture, forestry, fishing1.7%
US avg: 1.7%
Construction1.7%
US avg: 1.2%
Transportation & warehousing0.7%
US avg: 2.5%
Education & health services0.3%
US avg: 0.8%
Manufacturing0%
US avg: 0.5%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$170,100
+54%inflation adjusted, since 2000
from $73,400 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$1,028
+25%inflation adjusted, since 2000
from $547 in 2000
US average: $1,124
Owner-occupied
69.4%
−5.3 ptssince 2000
from 74.8% in 2000
30.6% rent
Afford Score
3.0
+34%since 2000
from 2.3 in 2000
1990 – 2024
RELATED:See current rent listings in Memphis on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic37.2%(2,699)
Black41.4%(3,007)
Hispanic / Latino20.1%(1,460)
Asian0.2%(15)
Other0%
Diversity Score80.3%(5,830)
2020
White, non-Hispanic33.8%(3,049)
Black30.1%(2,717)
Hispanic / Latino32.2%(2,902)
Asian0.6%(57)
Other4.7%(428)
Diversity Score87.3%(7,875)
Diversity Score
87
+9%since 2000
from 80 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
24.2%
+11.0 ptssince 2000
from 13.2% in 2000
US average: 32.9%
High school or higher
85.3%
+23.5 ptssince 2000
from 61.8% in 2000
US average: 88.5%
Graduate degree
8.4%
+3.0 ptssince 2000
from 5.4% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
27.4 min
+95%since 2000
from 14.0 min in 2000
US average: 26.9
Drive alone to work
81.7%
+10.8 ptssince 2009
from 70.9% in 2009
US average: 75.1%
No vehicle available
3.5%
−4.3 ptssince 2009
from 7.8% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
9.8%
−3.2 ptssince 2011
from 13.0% in 2011
US average: 5.4%
Labor force participation
65.8%
+2.9 ptssince 2011
from 62.9% in 2011
US average: 63.4%
Management & professional
27.3%
−18.2 ptssince 2009
from 45.5% in 2009
US average: 39.3%
Section 08

People & community

Male
49.5%
−2.2 ptssince 2009
from 51.7% in 2009
Female
50.5%
+2.2 ptssince 2009
from 48.3% in 2009
Foreign born
11.0%
−6.5 ptssince 2009
from 17.4% in 2009
US average: 13.5%
Uninsured
13.4%
−53.2 ptssince 2013
from 66.6% in 2013
US average: 8.8%
Drill deeper

Places similar to Memphis

Claymont
Pop 8,786
Orange Park
Pop 8,953
Green Cove Springs
Pop 10,079
Cypress Gardens
Pop 10,077
Places similar to Memphis
Head to head

Compare Memphis to nearby cities

MEMPHIS VS
Palmetto
Income$62,621+11%
Home value$313,400+84%
Population13,562+48%
SEE FULL COMPARISON →
MEMPHIS VS
Bradenton
Income$60,822+8%
Home value$309,400+82%
Population58,014+532%
SEE FULL COMPARISON →
MEMPHIS VS
South Bradenton
Income$48,315−14%
Home value$167,200−2%
Population25,990+183%
SEE FULL COMPARISON →
MEMPHIS VS
Bayshore Gardens
Income$44,958−20%
Home value$181,400+7%
Population18,131+97%
SEE FULL COMPARISON →
Frequently asked

How many people live in Memphis, Florida?

Memphis, Florida has about 9,024 residents according to the 2020 American Community Survey.

What is the median household income in Memphis, Florida?

The typical household in Memphis, Florida earns about $56,197 a year. Half of households make more than that, and half make less.

Is Memphis, Florida expensive?

In Memphis, Florida, the median home is worth about $170,100, and the typical rent is about $1,028 a month.

How educated are people in Memphis, Florida?

About 24.2% of adults age 25 and over in Memphis, Florida hold a bachelor's degree or higher.

What is the poverty rate in Memphis, Florida?

About 20.4% of people in Memphis, Florida live below the federal poverty line.

Has Memphis, Florida grown since 1990?

Yes, Memphis, Florida has grown since 1990. The population has added about 2,264 residents, a change of about 33 percent over that period.

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DATA: US CENSUS BUREAU ACS 5-YEAR + DECENNIAL CENSUS · UPDATED 2024

How we source and harmonize this data →