Living in Memphis, Alabama
Cost of living, income, home prices, rent and demographics of Memphis · Census data 2020–2024
Memphis has 56 residents with a median age of 37.5. The median household income is $2,499 (96% lower than the Alabama median), the median home value is $57,200.
Memphis is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Memphis at a glance
- Population
- 56
- Median age
- 37.5State: 39.3
- Median household income
- $2,499State: $63,999
- Median home value
- $57,200State: $209,900
- Homeowners
- 72.2%
- Bachelor's degree or higher
- 12.9%
Is Memphis a good place to live?
Pros: Home values 73% lower than the state median.
Cons: Median household income 96% lower than the Alabama median; a poverty rate of 28.6%.
The weather is best in April–May and September–October.
Cost of living in Memphis
Housing is the biggest part of the cost of living. In Memphis the median home value is $57,200, 83% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay — a month in housing costs.
Memphis median household income
The median household income in Memphis is $2,499 and the income per person is $12,236. 28.6% of residents live below the poverty line (Alabama: 15.6%).
Housing in Memphis: homes for sale and rent
- Housing units
- 21
- Owner-occupied
- 72.2%
- Renter-occupied
- 27.8%
- Vacant
- 14.3%Includes seasonal homes
- Median year built
- 1985
- Average household size
- 3.11
Memphis demographics
- Population
- 56
- Median age
- 37.5
- Under 18
- 17.9%
- 65 and older
- 32.1%
- Households
- 18
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Memphis ›
Education in Memphis
12.9% of adults 25 and older in Memphis have a bachelor's degree or higher (Alabama: 28.4%), and 0% have a graduate or professional degree.
Jobs and commute in Memphis
- Unemployment rate
- 0%State: 4.7%
- Average commute
- —State: 26 min
- Work from home
- 26.7%
- Drive alone
- 60%
- Public transit
- 0%
- Walk to work
- 13.3%
- Homes with broadband
- 88.9%
Memphis vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Memphis | 56 | $2,499 | $57,200 | — |
| Pickensville | 803 | $34,250 | $159,800 | $817 |
| Aliceville | 2,211 | $39,167 | $124,300 | $702 |
| Macon | 3,333 | $31,774 | $97,400 | $625 |
| Carrollton | 781 | $31,000 | $145,800 | $436 |
| Brooksville | 809 | $22,438 | $100,000 | $1,116 |
| Geiger | 174 | $38,750 | — | $825 |
| Shuqualak | 238 | $14,393 | $81,900 | $939 |
| Macedonia | 441 | $31,453 | $110,800 | — |
More for people moving to Memphis
Memphis ZIP code ›Weather and climate ›Living in Memphis: FAQ
What is the median household income in Memphis, AL?
The median household income in Memphis is $2,499, 96% lower than the Alabama median of $63,999 (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
What is the average home price in Memphis?
The median home value in Memphis is $57,200, compared with $209,900 in Alabama.
Is Memphis, AL a good place to live?
Pluses: home values 73% lower than the state median. Minuses: median household income 96% lower than the Alabama median; a poverty rate of 28.6%.
What is the median age in Memphis?
The median age in Memphis is 37.5 years (Alabama: 39.3).
What is the unemployment rate in Memphis?
The unemployment rate in Memphis is 0% (U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024).
How educated is Memphis?
12.9% of adults in Memphis have a bachelor's degree or higher.
Source: U.S. Census Bureau, American Community Survey 5-year estimates 2020–2024 (margins of error apply, especially in small towns). Figures are in 2024 dollars.
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