Memphis, Missouri Demographics & Population 2026
During the 2020–2024 ACS period, Memphis, Missouri had a total population of 1,782, the 287th largest city in Missouri, with a median household income of $55,125, which is 22% lower than the state average. The poverty rate is 12.2%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Housing is very affordable with a home-value-to-income ratio of just 2.4x.
- Near full employment with an unemployment rate of just 0.6%.
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 | 1,860 | 1,782 | -4.2% |
| Median household income | $49,598 | $55,125 | +11.1% |
| Median home value | $117,200 | $132,800 | +13.3% |
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: 40 | National average: 61
Education
Educational Attainment (Adults 25+)
Memphis Rankings in Missouri
Explore Missouri Rankings
Other Cities in Scotland County
| City | Population | Median Income | Poverty | Home Value |
|---|---|---|---|---|
| Rutledge | 112 | $53,750 | 7.1% | $42,500 |
| South Gorin | 64 | $48,984 | 7.8% | $410,000 |
| Granger | 39 | $83,750 | 20.5% | N/A |
| Arbela | 22 | N/A | 54.5% | N/A |
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 |
|---|---|---|---|---|---|
| Milan | 1,859 | $56,063 | $89,400 | 17.8% | 10.7% |
| Campbell | 1,766 | $49,926 | $75,300 | 9.4% | 30.7% |
| Adrian | 1,857 | $52,829 | $159,500 | 12.8% | 13.8% |
| Lincoln | 1,787 | $63,200 | $142,600 | 18.9% | 12.8% |
| Claycomo | 1,820 | $49,343 | $169,600 | 12.9% | 19.8% |
Population Overview
Memphis is a small community located in Missouri, within Scotland County. The total population is 1,782. It ranks as the 287th most populous out of 1,062 Census-designated places in Missouri.
Age Demographics
The median age in Memphis is 37.8 years. This is 3% lower than the state median of 39.0 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 is $55,125. This is 22% lower than the state median of $70,702. It is also 32% lower than the national median of $80,734. The poverty rate stands at 12.2%. This is 3% lower than the state poverty rate of 12.6%. The unemployment rate is 0.6%. This is 86% lower than the state rate of 4.0%. The median home value is $132,800. Housing costs are 42% lower than the state median of $230,300. With a home-value-to-income ratio of just 2.4x, Memphis is one of the most affordable housing markets in the area. 71.8% of occupied housing units are owner-occupied. This homeownership rate is 5% higher than the state average of 68.1%.
Race & Ethnicity
Memphis has a predominantly White (non-Hispanic) population, comprising 95.0% of all residents. Black or African American residents account for 0.3%. The Black or African American population (0.3%) is well below the state average of 10.9%. The Hispanic or Latino population (0.2%) is well below the state average of 5.2%.
Education
20.3% of residents aged 25 and older hold a bachelor's degree or higher. This is 38% lower than the state rate of 32.4%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 86.9%.
Data Sources & Methodology
All demographic data for Memphis, Missouri 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 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. 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, Missouri?
Memphis, Missouri has a population of 1,782 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Memphis, MO?
The median household income in Memphis is $55,125, which is 32% lower than the national median of $80,734.
What is the poverty rate in Memphis, MO?
The poverty rate in Memphis is 12.2%. This means approximately 209 residents live below the federal poverty line.
What is the racial makeup of Memphis, Missouri?
Memphis's population is 95.0% White, 0.3% Black, 0.2% Hispanic/Latino, and 0.0% Asian.
What is the median home value in Memphis, MO?
The median home value in Memphis is $132,800. The home-value-to-income ratio is 2.4x.
How educated is Memphis, Missouri?
20.3% of adults (25+) in Memphis hold a bachelor's degree or higher, and 9.5% hold a graduate or professional degree.