Memphis is a very small town located in the state of Indiana. With a population of 1,077 people and just one neighborhood, Memphis is the 315th largest community in Indiana. Memphis has seen a significant amount of newer housing growth in recent years. Quite often, new home construction is the result of new residents moving in who are middle class or wealthier, attracted by jobs, a healthy local economy, or other amenities as they leave nearby or far away areas for greener pastures. This seems to be the case in Memphis, where the median household income is $86,875.00.
Memphis real estate is some of the most expensive in Indiana, although Memphis house values don't compare to the most expensive real estate in the U.S.
Unlike some towns where white-collar or blue-collar occupations dominate the local economy, Memphis is neither predominantly one nor the other. Instead, it has a mixed workforce of both white- and blue-collar jobs. Overall, Memphis is a town of sales and office workers, professionals, and transportation and shipping workers. There are especially a lot of people living in Memphis who work in healthcare (26.26%), office and administrative support (22.78%), and sales jobs (8.87%).
Also of interest is that Memphis has more people living here who work in computers and math than 95% of the places in the US.
Memphis is a good choice for families with children because of several factors. Many other families with children live here, making it a place where both parents and children are more likely to develop social ties with other families. The town’s good public school district and large population of college-educated adults provide an environment conducive to academic success. Many people own their own single-family homes, providing areas for children to play and stability in the community. Finally, Memphis’s overall crime rate ranks among the lowest in the country, making it one of the safest places to raise a family.
Memphis is a small town, and as such doesn't have a public transit system that people use to get to and from their jobs every day.
In terms of college education, Memphis is nearly on par with the US average for all cities of 21.84%: 19.93% of adults 25 and older in Memphis have a bachelor's degree or advanced degree.
The per capita income in Memphis in 2022 was $39,729, which is wealthy relative to Indiana, and upper middle income relative to the rest of the US. This equates to an annual income of $158,916 for a family of four.
The people who call Memphis home describe themselves as belonging to a variety of racial and ethnic groups. The greatest number of Memphis residents report their race to be White. Important ancestries of people in Memphis include German, Irish, English, Italian, and European.
The most common language spoken in Memphis is English. Other important languages spoken here include Polish and African languages.
The way a neighborhood looks and feels when you walk or drive around it, from its setting, its buildings, and its flavor, can make all the difference. This neighborhood has some really cool things about the way it looks and feels as revealed by NeighborhoodScout's exclusive research. This might include anything from the housing stock to the types of households living here to how people get around.
If you're looking for a great spot to raise a family, then look no further than the neighborhood. NeighborhoodScout's analysis found that the combination of good quality public schools, above-average safety from crime, and a high rate of home ownership in predominantly single-family homes, help make this neighborhood among the top 12.8% of family-friendly neighborhoods across the state of Indiana. In addition, there are a high proportion of other families with school-aged children living here, making it easy for parents and their children to socialize and develop a sense of community support. In addition, families here highly value education, as is reflected by the strength of the local schools, in part due to the educational attainment of the parents here, who vote in support of the public schools.
There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.
The neighbors in the neighborhood in Memphis are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 79.1% of the neighborhoods in America. In addition, 4.3% of the children seventeen and under living in this neighborhood are living below the federal poverty line, which is a lower rate of childhood poverty than is found in 67.1% of America's neighborhoods.
What we choose to do for a living reflects who we are. Each neighborhood has a different mix of occupations represented, and together these tell you about the neighborhood and help you understand if this neighborhood may fit your lifestyle.
In the neighborhood, 42.6% of the working population is employed in executive, management, and professional occupations. The second most important occupational group in this neighborhood is manufacturing and laborer occupations, with 29.0% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (19.0%), and 9.4% in sales and service jobs, from major sales accounts, to working in fast food restaurants.
The most common language spoken in the neighborhood is English, spoken by 98.5% of households.
Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.
In the neighborhood in Memphis, IN, residents most commonly identify their ethnicity or ancestry as German (23.6%). There are also a number of people of English ancestry (14.2%), and residents who report Irish roots (12.6%), and some of the residents are also of Italian ancestry (4.3%), along with some Scottish ancestry residents (2.1%), among others.
How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in neighborhood spend between 15 and 30 minutes commuting one-way to work (41.2% of working residents), which is shorter than the time spent commuting to work for most Americans.
Here most residents (77.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (9.9%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.