Memphis, Texas Demographics & Population 2026
During the 2020–2024 ACS period, Memphis, Texas had a total population of 2,174, the 711th largest city in Texas, with a median household income of $47,639, which is 39% lower than the state average. The poverty rate is 17.3%.
Data vintage: U.S. Census Bureau ACS 2020–2024 5-Year Estimates · refreshed July 2026 · Methodology & source notes
Key Takeaways
- Household income is 39% below the state average, indicating significant economic challenges.
- Housing is very affordable with a home-value-to-income ratio of just 1.6x.
- Unemployment rate of 10.3% 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 | 2,231 | 2,174 | -2.6% |
| Median household income | $46,567 | $47,639 | +2.3% |
| Median home value | $74,700 | $77,300 | +3.5% |
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: 67 | National average: 61
Education
Educational Attainment (Adults 25+)
Memphis Rankings in Texas
Explore Texas Rankings
Other Cities in Hall County
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 |
|---|---|---|---|---|---|
| Las Quintas Fronterizas | 2,203 | N/A | $145,000 | 2.9% | 29.9% |
| Perezville | 2,237 | $47,836 | $105,800 | 7.3% | 10.5% |
| El Cenizo | 2,122 | $48,897 | $69,800 | 7.0% | 32.9% |
| Quanah | 2,109 | $51,161 | $71,100 | 12.8% | 14.3% |
| Shepherd | 2,189 | $53,750 | $157,300 | 7.4% | 16.7% |
Population Overview
Memphis is a small community located in Texas, within Hall County. The total population is 2,174. It ranks as the 711th most populous out of 1,795 Census-designated places in Texas.
Age Demographics
The median age in Memphis is 40.6 years. This is 14% higher than the state median of 35.6 years.
Economy, Income & Housing
The median household income in Memphis is $47,639. This is 39% lower than the state median of $78,476. It is also 41% lower than the national median of $80,734. The poverty rate stands at 17.3%. This is 25% higher than the state poverty rate of 13.8%. The unemployment rate is 10.3%. This is 96% higher than the state rate of 5.3%. The median home value is $77,300. Housing costs are 73% lower than the state median of $283,800. With a home-value-to-income ratio of just 1.6x, Memphis is one of the most affordable housing markets in the area. 72.8% of occupied housing units are owner-occupied. This homeownership rate is 16% higher than the state average of 62.6%.
Race & Ethnicity
The largest racial or ethnic group in Memphis is White (non-Hispanic), making up 50.8% of the population. Hispanic or Latino residents account for 37.1%. The Black or African American population (4.8%) is well below the state average of 11.9%. The Asian population (0.5%) is well below the state average of 5.5%.
Education
20.5% of residents aged 25 and older hold a bachelor's degree or higher. This is 39% lower than the state rate of 33.8%. Nationally, 35.7% of adults hold at least a bachelor's degree. The high school graduation rate (or equivalent) is 82.2%.
Data Sources & Methodology
All demographic data for Memphis, Texas 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 Texas state averages and national averages calculated from the same dataset. Rankings reflect the city's position among all 1,795 Census-designated places in Texas. 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, Texas?
Memphis, Texas has a population of 2,174 according to the most recent U.S. Census ACS 5-Year Estimates.
What is the median household income in Memphis, TX?
The median household income in Memphis is $47,639, which is 41% lower than the national median of $80,734.
What is the poverty rate in Memphis, TX?
The poverty rate in Memphis is 17.3%. This means approximately 368 residents live below the federal poverty line.
What is the racial makeup of Memphis, Texas?
Memphis's population is 50.8% White, 4.8% Black, 37.1% Hispanic/Latino, and 0.5% Asian.
What is the median home value in Memphis, TX?
The median home value in Memphis is $77,300. The home-value-to-income ratio is 1.6x.
How educated is Memphis, Texas?
20.5% of adults (25+) in Memphis hold a bachelor's degree or higher, and 5.5% hold a graduate or professional degree.