Memphis, TX
Population 2,231 · Texas
About Memphis, TX
Memphis is a small community in Texas with a population of 2,231 residents. The median household income is $46,567 per year, which is below the national average. The median age in Memphis is 42.9 years.
Housing in Memphis has a median home value of $74,700 and median monthly rent of $608. Of the 1,138 total housing units, the majority are owner-occupied, with 684 owner-occupied and 233 renter-occupied units.
The unemployment rate in Memphis is 11.1% and the poverty rate is 18.7%. 16.0% of residents hold a bachelor's degree or higher. The average commute time is 15.8 minutes.
Cost of Living in Memphis, TX
Compared to national averages, Memphis has a median household income of $46,567 (38% below the national median of $75,149). Home values average $74,700, which is 69% below the national median. Monthly rent at $608 is 48% below the US average of $1,163. Within Texas, Memphis's income is 36% below the state average of $72,726, and home values are 65% below the state median of $211,769.
Why Live in Memphis, TX?
Memphis offers affordable housing with a median home value of $74,700, below the US average of $244,900, and rent that’s lower than the national average at $608/month, and short commute times averaging just 15.8 minutes.
Potential considerations include median household income ($46,567) 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 2,231 with a median age of 42.9 years. Compare Memphis with other cities to see how it stacks up, or explore all cities in Texas.
Similar Cities Near Memphis
Cities in Texas with a similar population size.
| City | Population | Median Income | Home Value | |
|---|---|---|---|---|
| Olmos Park | 2,228 | $172,434 | $887,000 | Compare |
| Malakoff | 2,227 | $53,378 | $84,000 | Compare |
| Newton | 2,225 | $51,563 | $95,800 | Compare |
| Godley | 2,223 | $93,182 | $323,500 | Compare |
| Heidelberg | 2,221 | $31,466 | $59,200 | Compare |
| Corrigan | 2,218 | $43,352 | $107,400 | Compare |
| Pinehurst | 2,213 | $45,859 | $142,900 | Compare |
| Copper Canyon | 2,257 | $143,304 | $700,100 | Compare |
Demographics
Racial & Ethnic Composition
Economy & Education
Housing
Other Cities in Texas
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, TX?
The population of Memphis, TX is 2,231 according to the latest Census data.
What is the median household income in Memphis?
The median household income in Memphis, TX is $46,567 per year.
What is the median home value in Memphis?
The median home value in Memphis, TX is $74,700.
What is the average rent in Memphis?
The median monthly rent in Memphis, TX is $608.
What is the unemployment rate in Memphis?
The unemployment rate in Memphis, TX is 11.1%.