Memphis, FL
Population 10,626 · Florida
About Memphis, FL
Memphis is a mid-sized city in Florida with a population of 10,626 residents. The median household income is $71,967 per year, which is above the national average. The median age in Memphis is 35.8 years.
Housing in Memphis has a median home value of $292,200 and median monthly rent of $1,155. Of the 4,028 total housing units, the majority are owner-occupied, with 2,419 owner-occupied and 933 renter-occupied units.
The unemployment rate in Memphis is 7.8% and the poverty rate is 23.0%. 20.4% of residents hold a bachelor's degree or higher. The average commute time is 26.6 minutes.
Cost of Living in Memphis, FL
Compared to national averages, Memphis has a median household income of $71,967 (4% below the national median of $75,149). Home values average $292,200, which is 19% above the national median. Monthly rent at $1,155 is 1% below the US average of $1,163. Within Florida, Memphis's income is 5% below the state average of $75,893, and home values are 17% below the state median of $353,675.
Why Live in Memphis, FL?
Memphis offers rent that’s lower than the national average at $1,155/month.
Potential considerations include median household income ($71,967) that falls below the national average. However, Memphis’s smaller community size offers a quieter lifestyle and tight-knit neighborhoods.
Memphis has a population of 10,626 with a median age of 35.8 years. Compare Memphis with other cities to see how it stacks up, or explore all cities in Florida.
Similar Cities Near Memphis
Cities in Florida with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Alachua | 10,638 | $78,526 | $285,700 | Compare |
| Pine Ridge CDP (Citrus County), Florida | 10,676 | $66,131 | $354,600 | Compare |
| Palatka | 10,558 | $33,628 | $112,300 | Compare |
| Fuller Heights | 10,697 | $80,021 | $262,000 | Compare |
| Pebble Creek | 10,719 | $109,375 | $384,500 | Compare |
| Milton | 10,485 | $72,676 | $195,600 | Compare |
| Westwood Lakes | 10,768 | $87,341 | $465,000 | Compare |
| Lighthouse Point | 10,463 | $92,268 | $667,000 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Florida
Data source: US Census Bureau ACS 5-Year Estimates. Last updated: 2026-04-05.
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Frequently Asked Questions about Memphis
What is the population of Memphis, FL?
The population of Memphis, FL is 10,626 according to the latest Census data.
What is the median household income in Memphis?
The median household income in Memphis, FL is $71,967 per year.
What is the median home value in Memphis?
The median home value in Memphis, FL is $292,200.
What is the average rent in Memphis?
The median monthly rent in Memphis, FL is $1,155.
What is the unemployment rate in Memphis?
The unemployment rate in Memphis, FL is 7.8%.