Memphis, IN

Census Place

2024 Population

784

US Senator

Todd Young

Republican Party

US Senator

Jim Banks

Republican Party

2024 Median Age

36.7

2.51% 1-year increase

2024 Median Household Income

$137,560

17.7% 1-year growth

2024 Median Property Value

$235,900

0.985% 1-year growth

2024 Employed Population

513

Economy

The economy of Memphis, IN employs 513 people. In 2024, the largest industries in Memphis, IN were Manufacturing (155 people), Health Care & Social Assistance (155 people), and Transportation & Warehousing (49 people), and the highest paying industries were Manufacturing ($85,193), Educational Services, & Health Care & Social Assistance ($39,890), and Health Care & Social Assistance ($38,640).

Employment

Occupations

513

2024 Value

± 230

−18.2%

1 Year decline

± 73.2%

From 2023 to 2024, employment in Memphis, IN declined at a rate of −18.2%, from 627 employees to 513 employees.

The most common job groups, by number of people living in Memphis, IN, are Office & Administrative Support Occupations (106 people), Health Technologists & Technicians (97 people), and Production Occupations (62 people). This chart illustrates the share breakdown of the primary jobs held by residents of Memphis, IN.

Unemployment Insurance Claims

Data is only available at the state level. Showing data for Indiana.

This chart shows weekly unemployment insurance claims in Indiana (not-seasonally adjusted) compared with the four states with the most similar impact.

The most recent data point uses Advance State Claims data, which can be revised in subsequent weeks.

Industries

Employment by Industries

513

2024 Value

± 230

−18.2%

1 Year decline

± 73.2%

From 2023 to 2024, employment in Memphis, IN declined at a rate of −18.2%, from 627 employees to 513 employees.

The most common employment sectors for those who live in Memphis, IN, are Manufacturing (155 people), Health Care & Social Assistance (155 people), and Transportation & Warehousing (49 people). This chart shows the share breakdown of the primary industries for residents of Memphis, IN, though some of these residents may live in Memphis, IN and work somewhere else. Census data is tagged to a residential address, not a work address.

Median Earnings by Industry

$81,532

Median earning men ± $43,841

$49,904

Median earning women ± $16,451

The industries with the best median earnings for men in 2024 are .

The industries with the best median earnings for women in 2024 are Educational Services, & Health Care & Social Assistance ($38,640).

Housing & Living

The median property value in Memphis, IN was $235,900 in 2024, which is 0.709 times smaller than the national average of $332,700. Between 2023 and 2024 the median property value increased from $233,600 to $235,900, a 0.985% increase. The homeownership rate in Memphis, IN is 88.2%, which is higher than the national average of 65.2%.

People in Memphis, IN have an average commute time of 25.8 minutes, and they drove alone to work. Car ownership in Memphis, IN is approximately the same as the national average, with an average of 2 cars per household.

Housing

Property

$235,900

Median Property Value 2024

±$24,460

$277

Median Property Taxes

±$169

The following chart display owner-occupied housing units distributed between a series of property tax buckets compared to the national averages for each bucket. In Memphis, IN the largest share of households pay taxes in the < $800 range.

The chart underneath the paragraph shows the property taxes in Memphis, IN compared to it's parent and neighbor geographies.

Rent vs Own

88.2%

Homeownership

2024

61.5%

Homeowners with Mortgage

2024

In 2024, 88.2% of the housing units in Memphis, IN were occupied by their owner. This percentage declined from the previous year's rate of 88.3%.

This chart shows the percentage of owner in Memphis, IN compared it's parent and neighboring geographies.

Equity

Household Income

Please note that the buckets used in this visualization were not evenly distributed by ACS when publishing the data.

$137,560

Median Household Income

± $107,406

314

Number of Households

± 177

In 2024, the median household income of the 314 households in Memphis, IN grew to $137,560 from the previous year's value of $116,852.

The following chart displays the households in Memphis, IN distributed between a series of income buckets compared to the national averages for each bucket. The largest share of households have an income in the $75k - $100k range.

Wage Distribution

The closest comparable wage GINI for Memphis, IN is from Indiana.

0.442

2024 Wage GINI in Indiana

0.445

2023 Wage GINI in Indiana

In 2024, the income inequality in Indiana was 0.442 according to the GINI calculation of the wage distribution. Income inequality had a 0.807% decline from 2023 to 2024, which means that wage distribution grew somewhat more even. The GINI for Indiana was lower than than the national average of 0.474. In other words, wages are distributed more evenly in Indiana in comparison to the national average.

This chart shows the number of workers in Indiana across various wage buckets compared to the national average.

Transportation

Commuter Transportation

Most Common Commute in 2024

Drove Alone (58.7%)
Carpooled (37%)
Worked At Home (4.29%)

In 2024, 58.7% of workers in Memphis, IN drove alone to work, followed by those who carpooled to work (37%) and those who worked at home (4.29%).

The following chart shows the number of households using each mode of transportation over time, using a logarithmic scale on the y-axis to help better show variations in the smaller means of commuting.

Commute Time

25.8 minutes

Average Travel Time

Using averages, employees in Memphis, IN have a shorter commute time (25.8 minutes) than the normal US worker (26.4 minutes). Additionally, 0% of the workforce in Memphis, IN have "super commutes" in excess of 90 minutes.

The chart below shows how the median household income in Memphis, IN compares to that of it's neighboring and parent geographies.

Car Ownership

2 cars

Average Number

The following chart displays the households in Memphis, IN distributed between a series of car ownership buckets compared to the national averages for each bucket. The largest share of households in Memphis, IN have 2 cars.

Poverty

Social Needs

Data only available at the state level.

Most prevalent states

California
35,798 individuals
New York
5,087 individuals

In 2017, California had the highest estimated number of chronically homeless individuals in the nation, at 35,798, followed by New York (5,087).

The following map shows the estimated number of chronically homeless individuals by state over multiple years.

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