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Memphis, IN Profile: Facts & Data

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Memphis, Indiana - Basic Facts

The Memphis Census Designated Place had a population of 963 as of July 1, 2020. Memphis ranks in the lower quartile for Population Density when compared to the other cities, towns and Census Designated Places (CDPs) in Indiana. See peer rankings below.

The primary coordinate point for Memphis is located at latitude 38.4834 and longitude -85.7616 in Clark County. The formal boundaries for the Memphis Census Designated Place encompass a land area of 2.6 sq. miles and a water area of 0.02 sq. miles. Clark County is in the Eastern time zone (GMT -5). The elevation is 486 feet.

The Memphis Census Designated Place (GNIS ID: 2393125) has a U1 Census Class Code which indicates a census designated place with an official federally recognized name. It also has a Functional Status Code of "S" which identifies a statistical entity.

The Memphis Census Designated Place is located within Township of Union, a minor civil division (MCD) of Clark County.


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Memphis, IN Data & Demographics (As of July 1, 2020)

POPULATION

Total Population 963 (100%)
Population in Households 963 (100.0%)
Population in Families 813 (84.4%)
Population in Group Quarters1 0
Population Density 371
Diversity Index2 13
 
 

INCOME

Median Household Income $79,243
Average Household Income $87,958
% of Income for Mortgage4 10%
Per Capita Income $34,496
Wealth Index5 82
 

HOUSING

Total HU (Housing Units) 422 (100%)
Owner Occupied HU 327 (77.5%)
Renter Occupied HU 66 (15.6%)
Vacant Housing Units 29 ( 6.9%)
Median Home Value $181,646
Average Home Value $216,082
Housing Affordability Index3 281
 

HOUSEHOLDS

Total Households 393
Average Household Size 2.45
Family Households 290
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different races or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The % of Income for Mortgage quantifies the percentage of median household income dedicated to mortgage payments on a home priced at the median value (assuming a 30-year mortgage and a 20% down payment).
  5. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

 2010-2020 2020-2025
Population 3.23% 1.37%
Households 3.44% 1.48%
Families 4.11% 1.41%
Median Household Income   0.98%
Per Capita Income   1.92%
Owner Occupied HU   1.37%

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Memphis, IN - Peer Comparisons by Rank and Percentile

The table below compares Memphis to the other 679 incorporated cities, towns and CDPs in Indiana by rank and percentile using July 1, 2020 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 346 49th
Population Density # 599 12th
Median Household Income # 48 93rd
Housing Affordability Index # 401 59th
Per Capita Income # 87 87th
Diversity Index # 311 54th

Additional comparisons and rankings can be made with a VERY EASY TO USE Indiana Census Data Comparison Tool.

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