Memphis, Florida Demographics & Population 2026
During the 2020–2024 ACS period, Memphis, Florida had a total population of 9,185, the 357th largest community in Florida, with a median household income of $74,839, which is about the same as the state average. The poverty rate is 14.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Unemployment rate of 8.1% is notably above the national average.
Memphis Quick Facts
How Memphis Changed
Change from the 2019–2023 ACS period to 2020–2024. These are rolling five-year estimates, not year-over-year measurements.
| Metric | 2019–2023 | 2020–2024 | Change |
|---|---|---|---|
| Population | 10,626 | 9,185 | -13.6% |
| Median household income | $71,967 | $74,839 | +4.0% |
| Median home value | $292,200 | $313,800 | +7.4% |
How Memphis Compares
Median Household Income
Median Home Value
Economy & Housing
Household Income Distribution
Detailed income brackets
Employment
Housing Overview
People & Demographics
Age Distribution
Race & Ethnicity
Diversity Index
A diverse community with significant representation from multiple racial and ethnic groups.
State average: 65 | National average: 61
Education
Educational Attainment (Adults 25+)
Memphis Rankings in Florida
Explore Florida Rankings
Other Cities in Manatee County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Bradenton | 57,014 | $60,822 | 14.8% | $309,400 |
| South Bradenton | 25,990 | $48,315 | 16.8% | $167,200 |
| Bayshore Gardens | 18,131 | $44,958 | 15.0% | $181,400 |
| Palmetto | 13,588 | $62,621 | 13.5% | $313,400 |
| West Samoset | 7,429 | $54,352 | 16.4% | $212,800 |
| Samoset | 5,284 | $51,976 | 20.9% | $196,800 |
| Cortez | 5,205 | $79,895 | 10.4% | $392,200 |
| Ellenton | 5,133 | $71,402 | 7.2% | $281,400 |
| Whitfield (Manatee County) | 4,261 | $98,348 | 8.1% | $470,500 |
| West Bradenton | 3,991 | $116,272 | 10.2% | $425,100 |
Cities Similar to Memphis
These cities in the same state have comparable population and economic profiles.
| City | Population | Median Income | Home Value | Bachelor's+ | Poverty |
|---|---|---|---|---|---|
| Orange Park | 9,055 | $77,106 | $313,100 | 30.2% | 13.8% |
| St. Augustine Shores | 9,462 | $73,688 | $339,300 | 34.8% | 5.0% |
| Lake Park | 9,081 | $70,954 | $394,400 | 28.8% | 10.8% |
| Citrus Hills | 9,304 | $85,837 | $436,600 | 39.5% | 5.9% |
| Green Cove Springs | 10,044 | $75,142 | $371,000 | 27.3% | 12.7% |
Population Overview
Memphis is a small city located in Florida, within Manatee County. The total population is 9,185. It ranks as the 357th most populous out of 955 Census-designated places in Florida.
Age Demographics
The median age in Memphis is 36.7 years. This is 14% lower than the state median of 42.6 years.
Economy, Income & Housing
The median household income in Memphis is $74,839. This is about the same as the state median of $74,568. It is also 7% lower than the national median of $80,734. The poverty rate stands at 14.2%. This is 13% higher than the state poverty rate of 12.6%. The unemployment rate is 8.1%. This is 69% higher than the state rate of 4.8%. The median home value is $313,800. Housing costs are 13% lower than the state median of $359,000. The home-value-to-income ratio is 4.2x. 81.2% of occupied housing units are owner-occupied. This homeownership rate is 20% higher than the state average of 67.6%.
Race & Ethnicity
Memphis is a highly diverse community where no single racial or ethnic group constitutes a majority of the population. Hispanic or Latino residents account for 31.5%. The Black or African American population is significantly higher than the state average (28.6% vs 14.6%). The Asian population (1.2%) is well below the state average of 2.9%.
Education
22.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 34% lower than the state rate of 34.2%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 85.0%.
Data Sources & Methodology
All demographic data for Memphis, Florida is sourced from the U.S. Census Bureau's American Community Survey (ACS) 2020–2024 5-Year Estimates. The ACS collects data from approximately 3.5 million households annually and pools five years of responses so that even small communities can be measured, though the margin of error widens as the population falls. Comparisons are made against Florida state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 955 Census-designated places in Florida. Read more about how these figures are produced on our methodology page, or visit data.census.gov for official data.
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Frequently Asked Questions
What is the population of Memphis, Florida?
Memphis, Florida has a population of 9,185 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Memphis, FL?
The median household income in Memphis is $74,839, which is 7% lower than the national median of $80,734.
What is the poverty rate in Memphis, FL?
The poverty rate in Memphis is 14.2%. This means approximately 1,301 residents live below the federal poverty line.
What is the racial makeup of Memphis, Florida?
Memphis's population is 35.4% White, 28.6% Black, 31.5% Hispanic/Latino, and 1.2% Asian.
What is the median home value in Memphis, FL?
The median home value in Memphis is $313,800. The home-value-to-income ratio is 4.2x.
How educated is Memphis, Florida?
22.5% of adults (25+) in Memphis hold a bachelor's degree or higher, and 7.4% hold a graduate or professional degree.