Memphis is a small town of 92 in Nebraska, with a median household income of $36,607
.
Its cost of living index is 92 (US average = 100), which is
8% below the national average.
Strengths:
Memphis stands out for an affordable cost of living, below-average home prices.
Trade-offs:
No major red flags stand out in the available data. Whether Memphis is right for you depends on your priorities — the full breakdown is below.
All Memphis city data on this page comes from official government sources —
the US Census Bureau, FBI, NCES, BEA, and NOAA — updated annually.
Cost of Living
Index: 92.5
Memphis's overall cost of living index is 92.5,
where 100 represents the US national average.
Living in Memphis costs roughly 8% less than the average American city.
Metric
Memphis, NE
National Avg
Median Home Value
$156,300
$244,900
Median Monthly Rent
N/A
$1,163
Homeownership Rate
63.9%
65.9%
Median Household Income
$36,607
$74,755
Crime & Safety
Very Safe
Memphis's violent crime rate is 41.7 per 100,000 residents
— 89% lower than the national average of ~380 per 100,000.
Violent Crime
41.7 /100k
Property Crime
393.9 /100k
Vertical marker = national average. Source: FBI UCR Program.
Schools & Education
Metric
Memphis, NE
National Avg
School District
N/A
—
Elementary Schools
N/A
—
Middle Schools
N/A
—
High Schools
N/A
—
Student/Teacher Ratio
N/A
16:1
Bachelor's Degree or Higher
0.0%
35.4%
High School Diploma or Higher
95.1%
91.1%
Weather & Climate
Memphis sees average highs of 32.7°F in January
and 86.6°F in July,
with 30.1 inches of annual precipitation
and 20.3 inches of snow per year.
Memphis's cost of living index is 92, where 100 is the national average.
That makes Memphis roughly 8% less expensive than a typical US city — a meaningful affordability advantage.
The median home price is $156,300 and median rent is N/A/month.
Memphis's violent crime rate is 41.7 per 100,000 residents — the national average is ~380 per 100,000. Property crime is 393.9 per 100,000 (national avg ~2,100). Data from the FBI Uniform Crime Reporting Program.
School district information is sourced from NCES Common Core of Data.
Memphis, NE has a population of 92, a median household income of $36,607, and an unemployment rate of 0.0%.
It offers below-average costs of living, which stretches take-home pay further than in most American cities. Whether it's right for you depends on your priorities — use the compare tool above to stack it against another city you're considering.
Memphis averages 32.7°F in January and 86.6°F in July. Annual rainfall is 30.1 inches
with about 20.3 inches of snow per year.
Based on NOAA 30-year climate normals (1991–2020).
Memphis, NE is covered by 1 ZIP code: 68042.
The population of Memphis, Nebraska is 92 with a median age of 22.6. Source: US Census ACS 5-Year Estimates.
Key numbers for living in Memphis: cost of living index 92 (100 = US average), median home $156,300, median household income $36,607, crime index 14 (100 = US average, lower is safer). Whether these are benefits or drawbacks depends on where you're coming from — compare Memphis side by side with your current city to see the trade-offs.
