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Memphis city, Missouri Demographics & Population 2026

Very AffordableHome value to income ratio of 2.4x is exceptionally low

As of 2026, Memphis city, Missouri has a total population of 1,860, the 281st largest city in Missouri, with a median household income of $49,598, which is 28% lower than the state average. The poverty rate is 12.7%.

Key Takeaways

Memphis city Quick Facts

Population 1,860
Median Household Income $49,598
Median Home Value $117,200
Poverty Rate 12.7%
Unemployment Rate 2.0%
Median Age 37.0 years
Homeownership Rate 71.8%
Affordability Ratio 2.4x
Bachelor's Degree or Higher 17.1%
High School Graduation Rate 88.3%
Diversity Index 6/100
Population 1,860 281st of 1,062
Median Income $49,598 average
Poverty Rate 12.7% 2% higher national
Median Home Value $117,200 average

How Memphis city Compares

Economy & Housing

Employment

2.0% Unemployment Rate State: 4.1% | National: 5.2%
60.0% Labor Force Participation

Housing Overview

Owner 71.8%
Renter 28.2%
Affordability Index Very Affordable
2.4x home value to income ratio

People & Demographics

Diversity Index

6out of 100
Very Low Diversity

A less diverse community where one racial or ethnic group represents a large majority.

State average: 39 | National average: 60

Education

Memphis city Rankings in Missouri

#281 Population of 1,062
#571 Median Income of 1,062
#428 Education of 1,062
#460 Home Value of 1,062

Cities Similar to Memphis city

These cities in the same state have comparable population and economic profiles.

CityPopulationMedian IncomeHome ValueBachelor's+Poverty
Albany city1,855$46,905$96,70022.7%17.9%
Milan city1,883$52,647$89,70015.0%12.5%
Seneca city1,938$49,821$112,30010.1%19.1%
Huntsville city1,806$52,266$101,50011.5%16.5%
Claycomo village1,994$49,649$151,30014.1%20.3%

Population Overview

Memphis city is a small community located in Missouri. The total population is 1,860. It ranks as the 281st most populous out of 1,062 cities and towns in Missouri.

Age Demographics

The median age in Memphis city is 37.0 years. This is 5% lower than the state median of 38.9 years. 10.8% of residents are 75 or older, suggesting a significant retirement-age population with implications for healthcare services and senior housing.

Economy, Income & Housing

The median household income in Memphis city is $49,598. This is 28% lower than the state median of $68,920. Compared to the national median of $78,538, household income here is 37% lower. The poverty rate stands at 12.7%. This is about average than the state poverty rate of 12.6%. The unemployment rate is 2.0%. This is 51% lower than the state rate of 4.1%. The median home value is $117,200. Housing costs are 46% lower than the state median of $215,600. With a home-value-to-income ratio of just 2.4x, Memphis city is one of the most affordable housing markets in the area. 71.8% of occupied housing units are owner-occupied. This homeownership rate is 6% higher than the state average of 67.9%.

Race & Ethnicity

Memphis city has a predominantly White (non-Hispanic) population, comprising 96.8% of all residents. Black or African American residents account for 0.2%. The Black or African American population (0.2%) is well below the state average of 11.0%.

Education

17.1% of residents aged 25 and older hold a bachelor's degree or higher. This is 46% lower than the state rate of 31.9%. Nationally, 35.0% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 88.3%.

Data Sources & Methodology

All demographic data for Memphis city, Missouri is sourced from the U.S. Census Bureau's American Community Survey (ACS) 5-Year Estimates (2019-2023). The ACS collects data from approximately 3.5 million households annually, providing reliable estimates for communities of all sizes. Comparisons are made against Missouri state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,062 Census-designated places in Missouri. For official data, visit data.census.gov.

Free data download: Get all Missouri city and county demographics as CSV. Download Cities CSV | Download Counties CSV

Frequently Asked Questions

What is the population of Memphis city, Missouri?

Memphis city, Missouri has a population of 1,860 according to the most recent U.S. Census ACS 5-Year Estimates.

What is the median household income in Memphis city, MO?

The median household income in Memphis city is $49,598, which is 37% lower the national median of $78,538.

What is the poverty rate in Memphis city, MO?

The poverty rate in Memphis city is 12.7%. This means approximately 226 residents live below the federal poverty line.

What is the racial makeup of Memphis city, Missouri?

Memphis city's population is 96.8% White, 0.2% Black, 0.0% Hispanic/Latino, and 0.0% Asian.

What is the median home value in Memphis city, MO?

The median home value in Memphis city is $117,200. The home-value-to-income ratio is 2.4x.

How educated is Memphis city, Missouri?

17.1% of adults (25+) in Memphis city hold a bachelor's degree or higher, and 8.4% hold a graduate or professional degree.