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ZipNumbers

Texas · Census place 47616

Memphis city, TX

Quick answer

Memphis city has 2,231 residents, ranking #697 of 1863 places in Texas. Median household income is $46,567, the median home is worth $74,700 and median gross rent runs $608 a month.

Population
2,231Memphis city residents
Median household income
$46,567Past 12 months, inflation adjusted
Median home value
$74,700Owner-occupied units
Median gross rent
$608Rent plus utilities, monthly
Median age
42.9 yrsAll residents
Homeownership rate
74.6%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 15.7% 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 1.6× the median household income; nationally that ratio sits near 4.5×. Poverty affects 18.7% of residents and 74.6% 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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