A

Memphis, IN

Source:

Affordability Score: 86/100

Population: 3,015 · 1 ZIP codes

The affordability dashboard for Memphis, IN aggregates Census ACS 5-Year Estimates across 1 ZIP code covering 3,015 residents, then layers in county-level federal data to produce an overall grade of A (86/100). The headline inputs are median household income of $138,382, median home value of $272,600, median rent of $1,713 per month, and 30.8% of adults holding a bachelor's degree or higher. These four metrics alone explain most of the variance between city dashboards.

Cross-agency feeds widen the picture beyond Census demographics. HUD publishes a Fair Market Rent for a 2-bedroom in this county at $1,272 per month (studio $966, 1BR $1,047, 3BR $1,625, 4BR $1,891).

Reading the overall grade requires reading all seven dimensions together. The score weights Income 20%, Safety 20%, Housing 15%, Rent 15%, Education 10%, Commute 10%, and Childcare 10%, with each sub-score benchmarked against national percentiles rather than state averages — so the grade is genuinely comparable across any city in the country. Strengths visible in the raw data for Memphis, IN include income, housing, rent. Unemployment currently reads 0.3% and poverty 1.3% — numbers worth keeping alongside the headline grade.

Score Breakdown

Income A+
$138,382
Median household income
Education C-
30.8%
Bachelor's degree or higher
Housing A+
2.0x
Home value $272,600 vs income
Commute N/A
N/A
Average commute time
Rent A+
$1,272/mo
2BR fair market rent (11% of income)
Safety N/A
N/A
Violent crime rate (county)
Childcare N/A
N/A
Center-based infant care cost

Income & Employment

Median Income
$138,382
▲ 123% vs national
Per Capita Income
$52,131
Unemployment Rate
0.3%
Poverty Rate
1.3%

Housing

Median Home Value
$272,600
▼ 1% vs national
Median Rent
$1,713/mo
Owner Occupied
91.5%
2BR Fair Market Rent
$1,272/mo
▲ 6% vs national

Fair Market Rents by Bedroom

Studio
$966
1BR
$1,047
2BR
$1,272
3BR
$1,625
4BR
$1,891

Safety

Violent Crime Rate
Data Source
FBI UCR (county-level)

Education & Family

Bachelor's Degree+
30.8%
▲ 1 ppt vs national
High School+
62.5%
Median Age
37.4
Avg. Commute

Childcare Costs

Infant (Center)
Toddler (Center)
Preschool (Center)
School-Age (Center)

What This Means

Memphis, IN receives an overall affordability grade of A (86/100), aggregated from 1 ZIP codes with a total population of 3,015. This area performs well in income and housing and rent. Data was unavailable for commute, safety, childcare — these dimensions were excluded from the overall score.

Nearby City Dashboards

Explore Memphis ZIP Codes
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What are common questions about this dashboard?

Is Memphis, IN affordable?
Memphis, IN receives an overall affordability grade of A (86/100) based on Census, HUD, FBI, and DOL data. Median household income is $138,382. Median home value is $272,600.
What is the cost of living in Memphis?
Key cost metrics: Median rent $1,713/mo. 2BR fair market rent $1,272/mo. Median home value $272,600.
How is the affordability score calculated?
The score evaluates 7 dimensions weighted by importance: Income (20%), Safety (20%), Housing (15%), Rent (15%), Education (10%), Commute (10%), and Childcare (10%). Each metric is compared against national percentile benchmarks from Census, HUD, FBI, and DOL data.

Data as of 2024. Source: U.S. Census Bureau ACS 5-Year Estimates. Source: HUD Fair Market Rents. Source: FBI Uniform Crime Report. Source: DOL National Database of Childcare Prices. Verify with HUD →