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CITY

Memphis

Indiana · 784 residents · 2.598 sq mi
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The short version

Memphis is significantly wealthier than the US average, with a median household income of $137,560. The city has grown rapidly, with population up 96% since 2000. Median home value has roughly tripled since 2000, reaching $235,900. Poverty is rare here, at 0.0% of residents. It ranks in the top 5% of US cities for household income. Households here earn about 91% more than the Indiana median.

At a glance
Wealthier
above the US median
US median: $82,259
Younger
median age 36.7
US median: 38.9
Less educated
26% hold a bachelor's degree
US average: 36%
Less affordable
home values up 55%, inflation adjusted
US median home: $376,019
Section 01

Population & growth

Total population
784
+96%since 2000
from 400 in 2000
2000 – 2024
Population density
302 / sq mi
+96%since 2000
from 154 / sq mi in 2000
US average: 281
Median age
36.7
−5%since 2000
from 38.8 in 2000
US average: 38.9
Population, 2000 – 2024
3325357399421K2000201020202024Memphis
2024784
2000201020202024
Section 02

Income & economy

Median household income
$137,560
+112%inflation adjusted, since 2000
from $35,658 in 2000
US average: $82,259
2000 – 2024
Per capita income
$59,511
+197%since 2000
from $20,054 in 2000
US average: $44,673
Households earning $100K+
81.5%
+29.1 ptssince 2009
from 52.4% in 2009
US average: 53.3%
Poverty rate
0.0%
−5.9 ptssince 2000
from 5.9% in 2000
US average: 12.5%
Income inequality (Gini)
0.397
+27%since 2010
from 0.313 in 2010
US average: 0.476
Workforce by industry, 2024
Retail trade30.2%
US avg: 9.9%
Finance & insurance9.6%
US avg: 5.9%
Professional, scientific, technical9.6%
US avg: 5.1%
Wholesale trade4.9%
US avg: 6.9%
Other services2.5%
US avg: 6.7%
Public administration2.5%
US avg: 4.8%
Information1.9%
US avg: 10.8%
Agriculture, forestry, fishing0%
US avg: 1.6%
Construction0%
US avg: 1.2%
Manufacturing0%
US avg: 0.4%
Transportation & warehousing0%
US avg: 2.2%
Education & health services0%
US avg: 0.9%
Arts, entertainment, food0%
US avg: 1.9%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$235,900
+55%inflation adjusted, since 2000
from $83,800 in 2000
US average: $376,019
2000 – 2024
Owner-occupied
88.2%
+7.3 ptssince 2000
from 80.9% in 2000
11.8% rent
Vacancy rate
12.3%
−17.0 ptssince 2009
from 29.3% in 2009
US average: 10.0%
Owner cost-burdened
0.0%
−16.2 ptssince 2009
from 16.2% in 2009
US average: 22.9%
Renter cost-burdened
100.0%
+100.0 ptssince 2010
from 0.0% in 2010
US average: 47.4%
Afford Score
1.7
−27%since 2000
from 2.4 in 2000
2000 – 2024
Gentrification Score
76
RELATED:See current rent listings in Memphis on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic98.5%(394)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other0%
Diversity Score0%(0)
2024
White, non-Hispanic97.8%(767)
Black0%(0)
Hispanic / Latino0%(0)
Asian0%(0)
Other2.2%(17)
Diversity Score5.3%(42)
Diversity Score
5
from 0 in 2000
2000 – 2024
Section 05

Education

Bachelor's degree or higher
26.4%
+24.1 ptssince 2000
from 2.3% in 2000
US average: 35.6%
High school or higher
92.5%
+18.9 ptssince 2000
from 73.7% in 2000
US average: 89.6%
Graduate degree
7.7%
+7.7 ptssince 2000
from 0.0% in 2000
US average: 14.0%
Section 06

Commute & transportation

Average commute
25.8 min
+94%since 2000
from 13.3 min in 2000
US average: 26.5
Drive alone to work
58.7%
−29.8 ptssince 2009
from 88.5% in 2009
US average: 68.9%
Carpooled to work
37.0%
+29.2 ptssince 2009
from 7.9% in 2009
US average: 8.5%
Public transit
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 3.2%
Worked from home
4.3%
+0.7 ptssince 2009
from 3.6% in 2009
US average: 15.0%
Walked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 2.4%
Biked to work
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 0.4%
No vehicle available
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 8.3%
Section 07

Work & employment

Unemployment rate
0.0%
−12.5 ptssince 2011
from 12.5% in 2011
US average: 5.2%
Labor force participation
84.8%
+18.6 ptssince 2011
from 66.2% in 2011
US average: 63.5%
Self-employed
18.5%
+10.1 ptssince 2009
from 8.5% in 2009
US average: 13.1%
Management & professional
36.5%
−28.8 ptssince 2009
from 65.3% in 2009
US average: 42.5%
Section 08

People & community

Male
44.3%
−0.9 ptssince 2009
from 45.1% in 2009
Female
55.7%
+0.9 ptssince 2009
from 54.9% in 2009
Foreign born
0.0%
Unchangedsince 2009
from 0.0% in 2009
US average: 14.1%
Veterans
0.0%
−47.7 ptssince 2009
from 47.7% in 2009
US average: 6.2%
With a disability
6.8%
−5.8 ptssince 2012
from 12.6% in 2012
US average: 13.3%
Uninsured
1.5%
−92.5 ptssince 2013
from 94.0% in 2013
US average: 8.4%
Broadband at home
100.0%
+18.6 ptssince 2017
from 81.4% in 2017
US average: 91.0%
English only at home
100.0%
Unchangedsince 2016
from 100.0% in 2016
US average: 77.7%
Spanish at home
0.0%
Unchangedsince 2016
from 0.0% in 2016
US average: 13.6%
Drill deeper

Places similar to Memphis

Southport
Pop 873
Crescent Beach
Pop 809
Heritage Bay
Pop 802
Seville
Pop 1,014
Places similar to Memphis
Head to head

Compare Memphis to nearby cities

MEMPHIS VS
Sellersburg
Income$72,179−48%
Home value$231,500−2%
Population10,305+1214%
SEE FULL COMPARISON →
MEMPHIS VS
Charlestown
Income$77,288−44%
Home value$208,300−12%
Population8,802+1023%
SEE FULL COMPARISON →
MEMPHIS VS
Jeffersonville
Income$70,930−48%
Home value$216,800−8%
Population54,134+6805%
SEE FULL COMPARISON →
MEMPHIS VS
Clarksville
Income$60,467−56%
Home value$179,700−24%
Population22,253+2738%
SEE FULL COMPARISON →
Frequently asked

How many people live in Memphis, Indiana?

Memphis, Indiana has about 784 residents according to the 2024 American Community Survey.

What is the median household income in Memphis, Indiana?

The typical household in Memphis, Indiana earns about $137,560 a year. Half of households make more than that, and half make less.

Is Memphis, Indiana expensive?

In Memphis, Indiana, the median home is worth about $235,900.

How educated are people in Memphis, Indiana?

About 26.4% of adults age 25 and over in Memphis, Indiana hold a bachelor's degree or higher.

What is the poverty rate in Memphis, Indiana?

About 0.0% of people in Memphis, Indiana live below the federal poverty line.

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

How we source and harmonize this data →