Memphis, TX Profile: Facts & Data

Advertisement

Memphis Local Links & Resources:
Hotels | Resources | ALL Memphis Content

Also See: Memphis, TX ZIP Codes & ZIP Code Maps | Local Area Photos

Memphis, Texas - Basic Facts

The City of Memphis had a population of 2,320 as of July 1, 2019. Memphis ranks in the upper quartile for Diversity Index when compared to the other cities, towns and Census Designated Places (CDPs) in Texas. See peer rankings below.

The primary coordinate point for Memphis is located at latitude 34.7248 and longitude -100.534 in Hall County. The formal boundaries for the City of Memphis encompass a land area of 2.24 sq. miles and a water area of 0 sq. miles. Hall County is in the Central time zone (GMT -6). The elevation is 2,057 feet.

The City of Memphis (GNIS ID: 2411074) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

Texas is one of 20 states where Census County Divisions (CCDs) are used for statistical tracking of subdivisions within each county. The City of Memphis is located within Memphis Division of Hall County.


Jump to... (On This Page!)
  1. Memphis 2019 Demographic Data
  2. Growth Rates for Memphis (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Texas Research Tools (Easy Tools & Current Data)
  3. Texas Data Comparison Tool - 2019 Demographics

Memphis, TX - Most Popular Things to Do

Also See: Nearby Photos | Nearby Hotels | Driving Directions

Use HTL Address Research for a Texas Address and get...

Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


Advertisement

Memphis, TX Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Memphis, TX Housing Affordability Index is 307
State of Texas Housing Affordability Index is 132
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Memphis, TX Wealth Index is 37
State of Texas Wealth Index is 94
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for cities, Counties, ZIP Codes and even neighborhoods (Census Blocks) when you search by a specific Texas address.

See our:

  1. New 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  2. References & Data Sources page for more information about methodology and sources of data.

POPULATION

Total Population 2,320
Population in Households 2,277
Population in Familes 1,897
Population in Group Qrtrs 43
Population Density 1,034
Diversity Index1 72
 

INCOME

Median Household Income $29,284
Average Household Income $42,245
Per Capita Income $16,987
Wealth Index3 37

HOUSING

Total Housing Units 1,181 (100%)
Owner Occupied HU 583 (49.4%)
Renter Occupied HU 346 (29.3%)
Vacant Housing Units 252 (21.3%)
Median Home Value $43,958
Housing Affordability Index2 307
 

HOUSEHOLDS

Total Households 929
Average Household Size 2.45
Family Households 612
Average Family Size 3
NOTES
  1. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  2. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  3. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.14% -0.53%
Households 0.01% -0.63%
Families -0.05% -0.63%
Median Household Income   1.81%
Per Capita Income   2.24%

Memphis, TX - Peer Comparisons by Rank and Percentile

The table below compares Memphis to the other 1,746 incorporated cities, towns and CDPs in Texas by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 672 62nd
Population Density # 697 60th
Diversity Index # 256 86th
Median Household Income # 1602 8th
Per Capita Income # 1417 19th

Additional comparisons and rankings can be made with a VERY EASY TO USE Texas Census Data Comparison Tool.

Quick & Easy Ways to...

  1. Get Current Demographic Data for Cities, Towns, and ZIP Codes
  2. View Boundary Maps, for Cities, Towns, and ZIP Codes
  3. Locate Physical, Cultural, and Historical Features

Texas Census Data Comparison Tool

Compare Texas July 1, 2019 Data
Data:
Locations:
Highest or Lowest:
Results:
Advertisement