Memphis, MI
Population 1,107 · Michigan
About Memphis, MI
Memphis is a small community in Michigan with a population of 1,107 residents. The median household income is $60,884 per year, which is near the national average. The median age in Memphis is 41.6 years.
Housing in Memphis has a median home value of $190,400 and median monthly rent of $832. Of the 520 total housing units, the majority are owner-occupied, with 318 owner-occupied and 167 renter-occupied units.
The unemployment rate in Memphis is 5.0% and the poverty rate is 23.3%. 14.8% of residents hold a bachelor's degree or higher. The average commute time is 32.9 minutes.
Cost of Living in Memphis, MI
Compared to national averages, Memphis has a median household income of $60,884 (19% below the national median of $75,149). Home values average $190,400, which is 22% below the national median. Monthly rent at $832 is 28% below the US average of $1,163. Within Michigan, Memphis's income is 8% below the state average of $66,017, and home values are 4% above the state median of $183,391.
Why Live in Memphis, MI?
Memphis offers affordable housing with a median home value of $190,400, below the US average of $244,900, and rent that’s lower than the national average at $832/month.
Potential considerations include median household income ($60,884) 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 1,107 with a median age of 41.6 years. Compare Memphis with other cities to see how it stacks up, or explore all cities in Michigan.
Similar Cities Near Memphis
Cities in Michigan with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Marcellus | 1,113 | $55,417 | $112,500 | Compare |
| Lexington | 1,119 | $49,091 | $191,000 | Compare |
| Pigeon | 1,093 | $49,500 | $108,100 | Compare |
| Dryden | 1,125 | $68,199 | $202,100 | Compare |
| Stevensville | 1,126 | $75,069 | $190,000 | Compare |
| Farwell | 1,086 | $40,667 | $95,800 | Compare |
| Fostoria | 1,081 | $95,491 | $140,400 | Compare |
| Lamont | 1,078 | $158,456 | $469,200 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Michigan
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, MI?
The population of Memphis, MI is 1,107 according to the latest Census data.
What is the median household income in Memphis?
The median household income in Memphis, MI is $60,884 per year.
What is the median home value in Memphis?
The median home value in Memphis, MI is $190,400.
What is the average rent in Memphis?
The median monthly rent in Memphis, MI is $832.
What is the unemployment rate in Memphis?
The unemployment rate in Memphis, MI is 5.0%.