Memphis, Indiana Median Income

Memphis, Indiana has a population of 680, with a median household income of $64,500.

Current median income data for Memphis.

$64,500

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Population

680

💰

Median Income

$64,500

📉

Unemployment

3.40%

🏠

Housing Price

$215,000

🚨

Crime Rate

5.40

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Internet Speed

300.00 Mbps

Memphis is a small local community located in Indiana. The city has a population that is below the average city population in Indiana, contributing to its local economic activity, housing demand, and infrastructure development. Population size can significantly influence transportation systems, commercial growth, educational services, and employment opportunities within the region.

Memphis, located in Indiana, is a city that reflects important demographic and economic patterns within the region.

Population Overview

Memphis has a population of 680, which is below the state average. This suggests a smaller and more localized community environment.

Income and Economy

The median household income in Memphis is $64,500, which is below the state average, indicating moderate economic conditions.

Housing Market

The average housing price in Memphis is about $215,000, making it relatively affordable compared to many cities in Indiana.

Employment and Safety

The unemployment rate in Memphis is 3.40%, which is lower than the state average, indicating a relatively strong job market. Memphis has a lower crime rate than the state average, contributing to a relatively safer living environment.

City Comparison

Compared to other cities in Indiana, Memphis shows distinct differences in population size, economic activity, and housing affordability, making it a unique case for analysis.

Overall, Memphis offers a balanced mix of economic conditions, population trends, and housing opportunities within Indiana.

Frequently Asked Questions about Memphis

What is the population of Memphis?

The population of Memphis is approximately 680.

Is Memphis a good place to live?

Memphis offers a mix of economic conditions, housing affordability, and population size, making it suitable for different types of residents.

What is the average income in Memphis?

The median household income in Memphis is around $64,500.

How expensive is housing in Memphis?

The average housing price in Memphis is approximately $215,000.