Population 5,028 · Census ACS 2020–24
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Population and households in Memphis
Household size in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 2.49 | 2.51 | 2.57 | 2.68 |
| 2010–14 | 2.76 | 2.55 | 2.59 | 2.73 |
| 2015–19 | 3.09 | 2.55 | 2.57 | 2.71 |
| 2020–24 | 2.63 | 2.50 | 2.54 | 2.65 |
| Change | +0.14 | −0.01 | −0.03 | −0.03 |
At 2.63 people per household, Memphis sits close to the national average of 2.65. The typical household here is bigger than in the Louisville area as a whole, where it has 2.50 people. Household size has climbed from 2.49 in 2006–10, even as the national average fell.
Household size: the average number of people living in each occupied home. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25010).
Median age in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 39.4 | 38.5 | 37.5 | 37.7 |
| 2010–14 | 35.0 | 39.4 | 38.4 | 38.6 |
| 2015–19 | 35.8 | 40.0 | 39.1 | 39.6 |
| 2020–24 | 43.2 | 40.2 | 39.3 | 40.1 |
| Change | +3.8 | +1.7 | +1.7 | +2.3 |
Memphis skews older than the country: its median age is 43.2, against 40.1 nationally. The median age has climbed from 39.4 in 2006–10, as it has nationally.
Median age: the age that splits residents into two equal halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B01002).
Single-parent households in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 6.5% | 12.6% | 11.8% | 12.3% |
| 2010–14 | 6.5% | 12.6% | 12.0% | 12.3% |
| 2015–19 | 4.1% | 11.6% | 11.6% | 11.6% |
| 2020–24 | 3.9% | 12.4% | 11.7% | 11.6% |
| Change | −2.6 pts | −0.2 pts | −0.1 pts | −0.6 pts |
Single parents head only 3.9% of households in Memphis, well below the national share of 11.6%. The single-parent share has fallen 2.6 points since 2006–10, a much bigger shift than nationally.
Single-parent households: households where one adult with no spouse present lives with children under 18. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B11003).
Housing in Memphis
Renters in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 7.2% | 30.5% | 28.5% | 33.3% |
| 2010–14 | 9.6% | 32.3% | 30.5% | 35.6% |
| 2015–19 | 12.0% | 32.5% | 30.9% | 36.0% |
| 2020–24 | 7.3% | 31.1% | 29.4% | 34.8% |
| Change | +0.1 pts | +0.6 pts | +1.0 pts | +1.5 pts |
Only 7.3% of households in Memphis rent their homes, far below the national share of 34.8%, so most residents are owners who tend to stay put. About a third of owners (34.3%) have paid off their mortgages, below the national share of 39.8%.
Renters: occupied homes that are rented rather than owned. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25003).
Vacant homes in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 10.4% | 9.8% | 11.2% | 11.4% |
| 2010–14 | 5.6% | 9.8% | 11.2% | 11.4% |
| 2015–19 | 5.9% | 9.8% | 10.9% | 11.1% |
| 2020–24 | 7.2% | 7.9% | 9.3% | 9.6% |
| Change | −3.1 pts | −1.9 pts | −2.0 pts | −1.8 pts |
Vacancy is on the low side in Memphis: 7.2% of homes sit empty, against 9.6% nationally, which points to steady demand for housing. That is in line with the rest of the Louisville area. Since 2006–10, vacancy has fallen 3.1 points, as it has nationally.
Vacant homes: homes with no one living in them, including vacation homes and homes for sale or rent. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25002).
Age of homes in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 1994 | 1975 | 1972 | 1974 |
| 2010–14 | 2000 | 1976 | 1973 | 1975 |
| 2015–19 | 2001 | 1976 | 1974 | 1977 |
| 2020–24 | 2002 | 1980 | 1977 | 1980 |
| Change | +8 | +5 | +5 | +6 |
Memphis has newer housing than the country as a whole: the median home was built in 2002, versus 1980 nationally. The median year built has moved up from 1994 in 2006–10, a sign of steady new building.
Age of homes: the year that splits the housing stock into older and newer halves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25035).
Rent in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | $715 | $769 | $763 | $965 |
| 2010–14 | $873 | $826 | $819 | $1,040 |
| 2015–19 | $935 | $928 | $903 | $1,213 |
| 2020–24 | $965 | $1,200 | $1,146 | $1,571 |
| Change | +$250 | +$431 | +$384 | +$606 |
A typical rental in Memphis costs $965 a month with utilities, well below the national median of $1,571. Rent has climbed $250 a month since 2006–10, up 35%, a slower climb than the nation's. The typical renter here spends 47.0% of household income on rent, well over the 30% mark often used to define affordable rent, so many renters here are stretched.
Rent: monthly rent plus the utilities renters pay themselves. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B25064).
Education in Memphis
Bachelor's degrees in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 21.5% | 24.9% | 23.8% | 28.4% |
| 2010–14 | 25.5% | 26.7% | 24.6% | 29.6% |
| 2015–19 | 29.1% | 29.0% | 27.1% | 32.1% |
| 2020–24 | 35.7% | 32.8% | 30.0% | 35.6% |
| Change | +14.2 pts | +7.9 pts | +6.2 pts | +7.2 pts |
College degrees are about as common in Memphis as nationally: 35.7% of adults 25 and older have a bachelor's or higher, against 35.6%. Since 2006–10, the share with a degree has risen 14.2 points, as it has nationally.
Bachelor's degrees: adults 25 and older with a bachelor's degree or higher. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
High school graduates in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 89.3% | 86.4% | 86.5% | 84.9% |
| 2010–14 | 91.9% | 87.8% | 87.7% | 86.1% |
| 2015–19 | 94.4% | 90.1% | 88.7% | 87.7% |
| 2020–24 | 94.2% | 91.1% | 89.9% | 89.3% |
| Change | +4.8 pts | +4.7 pts | +3.4 pts | +4.3 pts |
High school completion in Memphis is above the national rate: 94.2% of adults have a diploma, against 89.3%. The share with a diploma has risen 4.8 points since 2006–10, as it has nationally.
High school graduates: adults 25 and older with a high school diploma, GED or more. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B15003).
Jobs in Memphis
| Period | Memphis | Louisville area | Indiana | U.S. |
|---|---|---|---|---|
| 2006–10 | 3.1% | 8.4% | 8.4% | 8.1% |
| 2010–14 | 8.7% | 9.1% | 8.9% | 9.4% |
| 2015–19 | 2.8% | 5.2% | 4.9% | 5.6% |
| 2020–24 | 3.8% | 4.8% | 4.3% | 5.4% |
| Change | +0.8 pts | −3.6 pts | −4.1 pts | −2.7 pts |
Unemployment in Memphis runs below the national rate: 3.8% of the labor force was out of work and looking, against 5.4% nationally. Unemployment has edged up 0.8 points since 2006–10, even as the national rate fell. Each figure pools five years of surveys (2020–24), so it describes that whole stretch rather than today's job market.
Unemployment: people looking for work as a share of everyone working or looking. Source: BestNeighborhood calculations from U.S. Census Bureau ACS 5-year block-group estimates (table B23025).
Memphis compared with nearby cities
| City | Household size | Median age | Single parents | Renters | Vacant homes | Median year built | Median rent | Bachelor's degree | High school diploma | Unemployment |
|---|---|---|---|---|---|---|---|---|---|---|
| Memphis | 2.63 | 43.2 | 3.9% | 7.3% | 7.2% | 2002 | $965 | 35.7% | 94.2% | 3.8% |
| Speed | 2.88 | 36.3 | 3.8% | 8.7% | 5.1% | 2002 | $1,185 | 35.7% | 94.8% | 2.6% |
| Carwood | 2.29 | 46.2 | 6.8% | 0.0% | 15.0% | 1984 | $1,402 | 40.2% | 96.6% | 0.0% |
| Henryville | 2.78 | 36.6 | 9.1% | 10.5% | 6.4% | 1999 | $909 | 26.0% | 89.6% | 2.7% |
| Broom Hill | 1.93 | 41.4 | 7.2% | 0.8% | 20.6% | 1979 | $1,382 | 35.6% | 94.5% | 0.0% |
| Sellersburg | 2.60 | 43.5 | 9.6% | 17.9% | 6.6% | 1995 | $1,416 | 38.5% | 92.3% | 2.7% |
| Charlestown | 2.86 | 35.7 | 11.6% | 14.7% | 5.9% | 1996 | $1,077 | 28.5% | 92.7% | 3.9% |
| River Ridge | 3.14 | 25.0 | 22.2% | 21.9% | 5.2% | 2004 | $1,023 | 11.1% | 91.7% | 15.2% |
| Otisco | 2.58 | 44.1 | 12.0% | 6.6% | 14.9% | 1987 | $1,032 | 25.4% | 95.0% | 3.5% |
| Daisy Hill | 3.10 | 31.1 | 18.9% | 15.7% | 8.8% | 1994 | $959 | 15.4% | 90.5% | 0.6% |
| Borden | 2.71 | 41.4 | 14.0% | 11.0% | 6.5% | 1993 | $1,212 | 28.8% | 94.4% | 0.6% |
All figures 2020–24.
Cities with similar populations: Howe, TX · Southampton, MA · Southgate, KY · Southold, NY · Southport, CT · Sparta, IL · Hurley, NY · Sparta, NC · Spencer, TN · Hubertus, WI
About these numbers
Every figure on this page is a BestNeighborhood calculation from the Census Bureau's American Community Survey (ACS), built up from the Census block groups that make up Memphis. Each ACS 5-year release pools five years of responses; this page shows the last 15 releases, 2006–10 through 2020–24. Neighboring releases share four of their five years, so they move gradually and small changes between them are within the survey's margin of error; in small places the lines can jump from one release to the next for the same reason. The maps show the same measures for each neighborhood, ranked against the whole country.
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