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ZipNumbers

Michigan · Census place 52960

Memphis city, MI

Quick answer

Memphis city has 1,107 residents, ranking #420 of 745 places in Michigan. Median household income is $60,884, the median home is worth $190,400 and median gross rent runs $832 a month.

Population
1,107Memphis city residents
Median household income
$60,884Past 12 months, inflation adjusted
Median home value
$190,400Owner-occupied units
Median gross rent
$832Rent plus utilities, monthly
Median age
41.6 yrsAll residents
Homeownership rate
65.6%Owner-occupied households

What the numbers mean in Memphis city

Housing cost measured against local earnings.

A household earning the Memphis city median would spend about 16.4% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 3.1× the median household income; nationally that ratio sits near 4.5×. Poverty affects 23.3% of residents and 65.6% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

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