Living in Memphis, Indiana
Cost of living, income, home prices, rent and demographics of Memphis · Census data 2020–2024
Memphis has 784 residents with a median age of 36.7. The median household income is $137,560 (91% higher than the Indiana median), the median home value is $235,900.
Memphis is a small town, so Census survey estimates have wide margins of error. Treat percentages as approximate.
Memphis at a glance
- Population
- 784
- Median age
- 36.7State: 38.1
- Median household income
- $137,560State: $71,957
- Median home value
- $235,900State: $218,200
- Homeowners
- 88.2%
- Bachelor's degree or higher
- 26.4%
- Average commute
- 26 min
Is Memphis a good place to live?
Pros: Median household income 91% higher than the Indiana median.
Cons: Home values 8% higher than the state median; an average commute of 26 minutes.
The weather is best in May–June 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 $235,900, 29% lower than the U.S. median. Renters pay a median of — per month. Homeowners with a mortgage pay $1,330 a month in housing costs.
Memphis median household income
The median household income in Memphis is $137,560 and the income per person is $59,511. 0% of residents live below the poverty line (Indiana: 12.3%).
Housing in Memphis: homes for sale and rent
- Housing units
- 358
- Owner-occupied
- 88.2%
- Renter-occupied
- 11.8%
- Vacant
- 12.3%Includes seasonal homes
- Median year built
- 2013
- Average household size
- 2.50
Memphis demographics
- Population
- 784
- Median age
- 36.7
- Under 18
- 25.8%
- 65 and older
- 11.7%
- Households
- 314
- Foreign-born
- 0%
- Veterans
- 0%Adults 18+
Hispanic or Latino can be of any race. Population history of Memphis ›
Education in Memphis
26.4% of adults 25 and older in Memphis have a bachelor's degree or higher (Indiana: 29.5%), and 7.7% have a graduate or professional degree.
Jobs and commute in Memphis
- Unemployment rate
- 0%State: 4.3%
- Average commute
- 26 minState: 24 min
- Work from home
- 4.3%
- Drive alone
- 58.7%
- Public transit
- 0%
- Walk to work
- 0%
- Homes with broadband
- 100%
Memphis vs nearby towns
| Town | Population | Median income | Home value | Rent |
|---|---|---|---|---|
| Memphis | 784 | $137,560 | $235,900 | — |
| Henryville | 1,691 | $71,667 | $204,000 | $810 |
| Otisco | 109 | $36,563 | — | — |
| Sellersburg | 10,137 | $72,179 | $231,500 | $1,151 |
| Underwood | 957 | $69,625 | $176,300 | — |
| Charlestown | 8,294 | $77,288 | $208,300 | $1,033 |
| Borden | 987 | $72,708 | $174,500 | $1,042 |
| Jeffersonville | 51,043 | $70,930 | $216,800 | $1,148 |
| Goshen | 989 | $88,188 | $307,200 | $2,288 |
More for people moving to Memphis
Memphis ZIP code ›Weather and climate ›Living in Memphis: FAQ
What is the median household income in Memphis, IN?
The median household income in Memphis is $137,560, 91% higher than the Indiana median of $71,957 (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 $235,900, compared with $218,200 in Indiana.
Is Memphis, IN a good place to live?
Pluses: median household income 91% higher than the Indiana median. Minuses: home values 8% higher than the state median; an average commute of 26 minutes.
What is the median age in Memphis?
The median age in Memphis is 36.7 years (Indiana: 38.1).
How long is the commute in Memphis?
The average commute to work in Memphis is 26 minutes; 4.3% of workers work from home.
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?
26.4% 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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