Memphis, Indiana Demographics & Population 2026
During the 2020–2024 ACS period, Memphis, Indiana had a total population of 784, the 410th largest community in Indiana, with a median household income of $137,560, which is 91% higher than the state average. The poverty rate is 0.0%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 91% above the state average — one of the wealthiest communities in Indiana.
- Housing is very affordable with a home-value-to-income ratio of just 1.7x.
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 | 928 | 784 | -15.5% |
| Median household income | $116,852 | $137,560 | +17.7% |
| Median home value | $233,600 | $235,900 | +1.0% |
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 less diverse community where one racial or ethnic group represents a large majority.
State average: 41 | National average: 61
Education
Educational Attainment (Adults 25+)
Memphis Rankings in Indiana
Explore Indiana Rankings
Other Cities in Clark County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Jeffersonville | 51,043 | $70,930 | 11.2% | $216,800 |
| Clarksville | 22,016 | $60,467 | 16.5% | $179,700 |
| Sellersburg | 10,137 | $72,179 | 6.9% | $231,500 |
| Charlestown | 8,294 | $77,288 | 12.5% | $208,300 |
| Henryville | 1,691 | $71,667 | 6.9% | $204,000 |
| Utica | 1,028 | $84,886 | 9.4% | $241,300 |
| Borden | 987 | $72,708 | 7.4% | $174,500 |
| New Washington | 351 | $81,705 | 10.3% | $187,500 |
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 |
|---|---|---|---|---|---|
| San Pierre | 727 | N/A | $193,600 | 9.3% | 1.8% |
| Mount Summit | 713 | N/A | $214,100 | 17.2% | 4.9% |
| Lake Santee | 820 | $158,140 | $245,500 | 29.6% | 4.3% |
| Rockford | 761 | $115,917 | $250,400 | 36.6% | 2.0% |
| Mineral Springs | 742 | $115,685 | $232,800 | 30.2% | 3.0% |
A note before these figures: with a population of 784, Memphis's ACS estimates come from a small number of survey responses and carry wide margins of error. Individual percentages below — particularly rates that round to 0% or 100% — are approximations, not precise measurements. See data.census.gov for the published margins of error.
Population Overview
Memphis is a small community located in Indiana, within Clark County. The total population is 784. It ranks as the 410th most populous out of 967 Census-designated places in Indiana.
Age Demographics
The median age in Memphis is 36.7 years. This is 4% lower than the state median of 38.1 years.
Economy, Income & Housing
The median household income in Memphis is $137,560. This is 91% higher than the state median of $71,957. It is also 70% higher than the national median of $80,734. The ACS records no residents below the poverty line in Memphis. In a community this small the estimate rests on very few survey responses, so it should be read as an absence of measurement rather than a measured absence of poverty. The survey records no unemployed residents in Memphis, which reflects the size of the sample rather than a labor market without joblessness. The median home value is $235,900. Housing costs are 8% higher than the state median of $218,200. With a home-value-to-income ratio of just 1.7x, Memphis is one of the most affordable housing markets in the area. 88.2% of occupied housing units are owner-occupied. This homeownership rate is 25% higher than the state average of 70.5%.
Race & Ethnicity
Memphis has a predominantly White (non-Hispanic) population, comprising 97.8% of all residents.
Education
26.4% of residents aged 25 and older hold a bachelor's degree or higher. This is 10% lower than the state rate of 29.5%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 92.5%.
Data Sources & Methodology
All demographic data for Memphis, Indiana 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 Indiana state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 967 Census-designated places in Indiana. 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, Indiana?
Memphis, Indiana has a population of 784 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Memphis, IN?
The median household income in Memphis is $137,560, which is 70% higher than the national median of $80,734.
What is the poverty rate in Memphis, IN?
The ACS sample for Memphis recorded no residents below the federal poverty line. Because the community is small, this indicates that the survey did not capture poverty here rather than that no poverty exists — the estimate carries a wide margin of error.
What is the racial makeup of Memphis, Indiana?
Memphis's population is 97.8% White, 0.0% Black, 0.0% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Memphis, IN?
The median home value in Memphis is $235,900. The home-value-to-income ratio is 1.7x.
How educated is Memphis, Indiana?
26.4% of adults (25+) in Memphis hold a bachelor's degree or higher, and 7.6% hold a graduate or professional degree.