Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 45.0 yrs |
|---|---|
| Avg HH Size | 2.54 |
| Below Poverty | 8.9% ▼ 11% below avg |
| College Grads | 31.3% ▼ 19% below avg |
| Unemployment | 3.2% ▼ 36% below avg |
| No HS Diploma | 29 (1%) |
| HS Graduate | 954 (32.5%) |
| Some College | 500 (17%) |
| Associates | 534 (18.2%) |
| Bachelors | 387 (13.2%) |
| Graduate Degree | 531 (18.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $87,599 ▲ 15% above avg |
|---|---|
| Median Home Value | $296,200 ≈ Avg |
| Home/Income Ratio | 3.4x (nat avg ~3.5x) |
| Median Rent | $867/mo |
| Total Housing Units | 1,838 |
| Vacant Units | 117 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Memphis is a city in Michigan, located in St. Clair County. The city spans 1 ZIP code and is home to approximately 4,385 residents. It is a mature city, with a median age of 45 years.
Economically, Memphis is a middle-income community. The median household income of $87,599 is near the national average. Approximately 8.9% of residents live below the poverty line. The unemployment rate is 3.2%, below the national average.
The real estate market in Memphis is a mid-range housing market. Median home values stand at $296,200, which is near the national average. Renters typically pay around $867 per month. Homeownership is high at 88.2%, typical of suburban and family-oriented communities.
The population of Memphis is moderately educated. 31.3% of adults hold a bachelor's degree or higher — below the national average. The community is primarily White (91.36%).
Memphis, MI offers residents above-average earning potential within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 48041 | 4,385 | $87,599 | $296,200 | $867 | 3.2% | 31.3% | 88.2% |