Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 36.4 yrs |
|---|---|
| Avg HH Size | 2.90 |
| Below Poverty | 2.4% ▼ 76% below avg |
| College Grads | 44.2% ▲ 14% above avg |
| Unemployment | 0.2% ▼ 96% below avg |
| HS Graduate | 816 (33.7%) |
| Some College | 149 (6.1%) |
| Associates | 388 (16%) |
| Bachelors | 379 (15.6%) |
| Graduate Degree | 691 (28.5%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $133,147 ▲ 74% above avg |
|---|---|
| Median Home Value | $247,500 ▼ 11% below avg |
| Home/Income Ratio | 1.9x (nat avg ~3.5x) |
| Median Rent | $1,650/mo |
| Total Housing Units | 1,300 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Memphis is a city in Indiana, located in Clark County. The city spans 1 ZIP code and is home to approximately 3,775 residents. It is a relatively young city, with a median age of 36.4 years.
Economically, Memphis is a upper-middle-income community. The median household income of $133,147 is significantly above the national average. Approximately 2.4% of residents live below the poverty line. The unemployment rate is 0.2%, well below the national average.
The real estate market in Memphis is an affordable housing market. Median home values stand at $247,500, which is near the national average. Renters typically pay around $1,650 per month. Homeownership is high at 91.5%, typical of suburban and family-oriented communities.
The population of Memphis is well-educated. 44.2% of adults hold a bachelor's degree or higher — near the national average. The community is primarily White (92.69%).
Memphis, IN offers residents above-average earning potential within Indiana.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 47143 | 3,775 | $133,147 | $247,500 | $1,650 | 0.2% | 44.2% | 91.5% |