Memphis, NE
Population 115 · Nebraska
About Memphis, NE
Memphis is a small community located in Nebraska with a population of 115 residents according to the latest US Census Bureau American Community Survey data. The median household income is $0 per year, which is 100% below the national median of $75,149. The median age of 22.4 years is notably younger the US median age of 38.9 years, indicating a younger, often more dynamic population base.
Housing Market Overview
The housing market in Memphis features a median home value of $183,300, which is 25% below the national median of $244,900. This positions Memphis in a moderately priced market relative to the rest of the country. Median monthly rent is $0, 100% below the national average of $1,163/month. Of the 56 total housing units, 59% are owner-occupied (22 units) and 41% are renter-occupied (15 units). The balanced mix of owners and renters indicates a diverse housing market.
Economy & Employment
The local economy in Memphis shows an unemployment rate of 0.0%, which is lower than the national rate of 3.7%, indicating a relatively strong job market. The poverty rate stands at 2.6%, below the national average of 12.4%, reflecting generally favorable economic conditions. Workers in Memphis have an average one-way commute time of 28.9 minutes.
Education & Demographics
2.0% of Memphis residents aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The lower educational attainment rate may reflect the area's industry mix, with more employment in trades, manufacturing, or agricultural sectors. The community's demographic composition includes 9.6% White, 4.3% Hispanic or Latino, 0.0% Black or African American, and 0.0% Asian residents, with 0.0% of the population being foreign-born.
Cost of Living in Memphis, NE
Compared to national averages, Memphis has a median household income of $0 (100% below the national median of $75,149). Home values average $183,300, which is 25% below the national median. Monthly rent at $0 is 100% below the US average of $1,163. Within Nebraska, Memphis's income is 100% below the state average of $65,895, and home values are 46% above the state median of $125,824.
Why Live in Memphis, NE?
Memphis offers affordable housing with a median home value of $183,300, below the US average of $244,900, and rent that’s lower than the national average at $0/month, and a strong job market with an unemployment rate of just 0.0%. Additionally, the city features a low poverty rate of 2.6%, better than the national average.
Potential considerations include median household income ($0) 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 115 with a median age of 22.4 years. Compare Memphis with other cities to see how it stacks up, or explore all cities in Nebraska.
Similar Cities Near Memphis
Cities in Nebraska with a similar population size.
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Nebraska
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, NE?
The population of Memphis, NE is 115 according to the latest US Census Bureau American Community Survey estimates. This makes it a small community in Nebraska.
What is the median household income in Memphis?
The median household income in Memphis, NE is $0 per year, which is 100% below the national median of $75,149.
What is the median home value in Memphis?
The median home value in Memphis, NE is $183,300, which is 25% below the national median of $244,900. The majority of housing units are owner-occupied.
What is the average rent in Memphis?
The median monthly rent in Memphis, NE is $0, which is 100% below the national average of $1,163/month.
What is the unemployment rate in Memphis?
The unemployment rate in Memphis, NE is 0.0%, compared to the national average of 3.7%. This lower-than-average rate suggests a relatively healthy local job market.
Is Memphis, NE a good place to live?
Memphis offers a moderate cost of living, affordable housing, and a strong job market. With a population of 115 and a median age of 22.4, the city appeals to young professionals and families.
How educated is Memphis, NE?
2.0% of residents in Memphis aged 25 and older hold a bachelor's degree or higher, compared to the national average of 33.7%. The educational profile reflects the area's industry mix and employment landscape.
What is the cost of living in Memphis?
Key cost-of-living indicators for Memphis, NE: median home value is $183,300 (25% below national), median rent is $0/month, and median household income is $0. The home-value-to-income ratio is Infinityx, which suggests housing may be stretched relative to local earnings.
What is the poverty rate in Memphis?
The poverty rate in Memphis, NE is 2.6%, compared to the national average of 12.4%. This below-average poverty rate reflects generally favorable economic conditions in the community.
How diverse is Memphis, NE?
Memphis's population is 9.6% White, 4.3% Hispanic or Latino, 0.0% Black or African American, 0.0% Asian, and 0.0% two or more races. 0.0% of residents are foreign-born.