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CITY · 2020 ACS

Memphis

Texas · 2,048 residents · 2.244 sq mi
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The short version

Memphis has notably lower household income than the US average, with a median household income of $40,163. Population has fallen 17% since 2000, a loss of 431 residents. 16% of adults hold a bachelor's degree or higher, below the national rate of 33%. Median home value has more than doubled since 2000, reaching $59,500. With a median age of 45.4, the population is older than the US median of 38.8. Households here earn about 37% less than the Texas median.

At a glance
Lower income
below the US median
US median: $66,278
Older
median age 45.4
US median: 38.8
Less educated
16% hold a bachelor's degree
US average: 33%
Less affordable
home values up 39%, inflation adjusted
US median home: $265,253
Section 01

Population & growth

Total population
2,048
−17%since 2000
from 2,479 in 2000
1990 – 2025
Population density
913 / sq mi
−17%since 2000
from 1,105 / sq mi in 2000
US average: 280
Median age
45.4
+13%since 2000
from 40.0 in 2000
US average: 38.8
Population, 1990 – 2024
2K2K2K2K3K1990201020202024Memphis
20242K
1990201020202024
Section 02

Income & economy

Median household income
$40,163
+16%inflation adjusted, since 2000
from $23,102 in 2000
US average: $66,278
1990 – 2024
Per capita income
$20,856
+51%since 2000
from $13,856 in 2000
US average: $35,364
Households earning $100K+
20.1%
+9.4 ptssince 2009
from 10.7% in 2009
US average: 43.9%
Poverty rate
22.4%
−1.5 ptssince 2000
from 23.9% in 2000
US average: 12.8%
Workforce by industry, 2020
Agriculture, forestry, fishing11.9%
US avg: 1.7%
Wholesale trade11.1%
US avg: 6.7%
Construction9%
US avg: 1.2%
Other services5.2%
US avg: 6.6%
Public administration5%
US avg: 4.7%
Retail trade4.6%
US avg: 10%
Finance & insurance4.3%
US avg: 5.5%
Information4.2%
US avg: 11.1%
Transportation & warehousing3.2%
US avg: 2.5%
Manufacturing2.9%
US avg: 0.5%
Education & health services2.6%
US avg: 0.8%
Arts, entertainment, food2%
US avg: 2%
Professional, scientific, technical1.8%
US avg: 4.7%
BARS: THIS PLACE · TICKS: US AVERAGE
Section 03

Housing

Median home value
$59,500
+39%inflation adjusted, since 2000
from $28,400 in 2000
US average: $265,253
1990 – 2024
Median gross rent
$521
+8%inflation adjusted, since 2000
from $321 in 2000
US average: $1,124
Owner-occupied
69.6%
−2.1 ptssince 2000
from 71.7% in 2000
30.4% rent
Afford Score
1.5
+21%since 2000
from 1.2 in 2000
1990 – 2024
RELATED:See current rent listings in Memphis on RentDataNow
Section 04

Race & ethnicity

2000
White, non-Hispanic63.7%(1,579)
Black9%(222)
Hispanic / Latino26%(645)
Asian0%(1)
Other0%
Diversity Score63.2%(1,568)
2020
White, non-Hispanic52%(1,065)
Black7.9%(162)
Hispanic / Latino37.2%(762)
Asian0.3%(7)
Other3.3%(68)
Diversity Score73.8%(1,511)
Diversity Score
74
+17%since 2000
from 63 in 2000
1990 – 2024
Section 05

Education

Bachelor's degree or higher
15.7%
+6.6 ptssince 2000
from 9.1% in 2000
US average: 32.9%
High school or higher
79.5%
+16.7 ptssince 2000
from 62.9% in 2000
US average: 88.5%
Graduate degree
5.3%
+1.8 ptssince 2000
from 3.5% in 2000
US average: 12.7%
Section 06

Commute & transportation

Average commute
12.1 min
−7%since 2000
from 13.0 min in 2000
US average: 26.9
Drive alone to work
78.4%
+2.9 ptssince 2009
from 75.5% in 2009
US average: 75.1%
No vehicle available
4.7%
−7.2 ptssince 2009
from 11.9% in 2009
US average: 8.4%
Section 07

Work & employment

Unemployment rate
12.2%
+3.0 ptssince 2011
from 9.2% in 2011
US average: 5.4%
Labor force participation
59.0%
Unchangedsince 2011
from 59.0% in 2011
US average: 63.4%
Management & professional
21.4%
−40.1 ptssince 2009
from 61.5% in 2009
US average: 39.3%
Section 08

People & community

Male
47.9%
+2.3 ptssince 2009
from 45.7% in 2009
Female
52.1%
−2.3 ptssince 2009
from 54.3% in 2009
Foreign born
8.9%
−0.8 ptssince 2009
from 9.7% in 2009
US average: 13.5%
Uninsured
19.7%
−62.1 ptssince 2013
from 81.8% in 2013
US average: 8.8%
Drill deeper

Places similar to Memphis

Cross City
Pop 1,849
Lake Butler
Pop 1,921
Ocala Estates
Pop 1,705
Malone
Pop 1,865
Places similar to Memphis
Head to head

Compare Memphis to nearby cities

MEMPHIS VS
Pampa
Income$56,626+41%
Home value$100,700+69%
Population16,414+734%
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MEMPHIS VS
Altus
Income$55,295+38%
Home value$152,200+156%
Population18,707+850%
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MEMPHIS VS
Plainview
Income$44,768+11%
Home value$113,000+90%
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MEMPHIS VS
Elk City
Income$51,272+28%
Home value$150,400+153%
Population11,335+476%
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Frequently asked

How many people live in Memphis, Texas?

Memphis, Texas has about 2,048 residents according to the 2020 American Community Survey.

What is the median household income in Memphis, Texas?

The typical household in Memphis, Texas earns about $40,163 a year. Half of households make more than that, and half make less.

Is Memphis, Texas expensive?

In Memphis, Texas, the median home is worth about $59,500, and the typical rent is about $521 a month.

How educated are people in Memphis, Texas?

About 15.7% of adults age 25 and over in Memphis, Texas hold a bachelor's degree or higher.

What is the poverty rate in Memphis, Texas?

About 22.4% of people in Memphis, Texas live below the federal poverty line.

Has Memphis, Texas grown since 1990?

Yes, Memphis, Texas has shrunk since 1990. The population has lost about 403 residents, a change of about -16 percent over that period.

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

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