Memphis, MO
Population 1,860 · Missouri
About Memphis, MO
Memphis is a small community in Missouri with a population of 1,860 residents. The median household income is $49,598 per year, which is below the national average. The median age in Memphis is 37 years.
Housing in Memphis has a median home value of $117,200 and median monthly rent of $491. Of the 889 total housing units, the majority are owner-occupied, with 466 owner-occupied and 183 renter-occupied units.
The unemployment rate in Memphis is 2.0% and the poverty rate is 12.7%. 17.1% of residents hold a bachelor's degree or higher. The average commute time is 16.1 minutes.
Cost of Living in Memphis, MO
Compared to national averages, Memphis has a median household income of $49,598 (34% below the national median of $75,149). Home values average $117,200, which is 52% below the national median. Monthly rent at $491 is 58% below the US average of $1,163. Within Missouri, Memphis's income is 19% below the state average of $61,047, and home values are 22% below the state median of $150,786.
Why Live in Memphis, MO?
Memphis offers affordable housing with a median home value of $117,200, below the US average of $244,900, and rent that’s lower than the national average at $491/month, and a strong job market with an unemployment rate of just 2.0%. Additionally, the city features short commute times averaging just 16.1 minutes.
Potential considerations include median household income ($49,598) 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 1,860 with a median age of 37 years. Compare Memphis with other cities to see how it stacks up, or explore all cities in Missouri.
Similar Cities Near Memphis
Cities in Missouri with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Albany | 1,855 | $46,905 | $96,700 | Compare |
| Weston | 1,852 | $91,625 | $246,000 | Compare |
| Milan | 1,883 | $52,647 | $89,700 | Compare |
| Hamilton | 1,909 | $56,548 | $139,200 | Compare |
| Huntsville | 1,806 | $52,266 | $101,500 | Compare |
| Winchester | 1,914 | $87,344 | $209,300 | Compare |
| Lincoln | 1,795 | $60,272 | $123,000 | Compare |
| Holden | 1,936 | $68,324 | $132,400 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Missouri
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, MO?
The population of Memphis, MO is 1,860 according to the latest Census data.
What is the median household income in Memphis?
The median household income in Memphis, MO is $49,598 per year.
What is the median home value in Memphis?
The median home value in Memphis, MO is $117,200.
What is the average rent in Memphis?
The median monthly rent in Memphis, MO is $491.
What is the unemployment rate in Memphis?
The unemployment rate in Memphis, MO is 2.0%.