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EconPulse

Local economy signal dashboard

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PLACEStable

Memphis, MO

Stable overall. Housing is the clearest support signal, while population needs the most attention. Housing reads as affordable for a median-income household.

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Overall score59out of 100
Compare
23
72
17
86
86

Population

1,782

Data freshness

Unknown

GDP / Output

-2.3% YoY

23

$236.1M

Output changed -2.3% in 2024.

Vintage date unknown

State growth4.6%
U.S. growth5.3%

Jobs

Unemployment rate

72

3.3%

Unemployment is 3.3% for June 2026.

Vintage date unknown

State avg4.0%
U.S. avg4.2%

Population

-5.5% 5-year

17

1,782

Population moved -5.5% over the latest ACS window.

Vintage date unknown

State population6,191,814
U.S. population334,922,499

Housing

Rent share of income

86

10.3%

Median rent consumes 10.3% of median household income: Affordable.

Vintage date unknown

State rent$1.0K
U.S. rent$1.4K
HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

Federal Funds

$6.4K per resident

86

$30.0M

$30.0M in federal obligations flowed here in FY2025.

Vintage date unknown

State total$93.8B
U.S. total$5.3T

Population and output

Trend Snapshot

Reported share

Industry Breakdown

FY2025

Federal Money

Federal obligations

$30.0M

$6.4K per resident in reported federal flow.

Top agencies

Dollars
1. Social Security Administration$19.7M
2. Department of Agriculture$5.3M
3. Department of Veterans Affairs$2.4M

Top recipients

Dollars
1. REDACTED DUE TO PII$5.3M
2. NORTHEAST MISSOURI REGIONAL PLANNING COMMISSION$1.2M
3. MISSOURI DEPARTMENT OF TRANSPORTATION$796.5K

Affordable

Housing Affordability

10.3%

of median income

1BR estimate$386
2BR estimate$509
Median income$55,125
Median home value$132,800

ACS context

Quick Facts

Population

1,782

Median age

37.8

Bachelor's degree+

20.3%

Poverty rate

12.2%

Labor force participation

63.5%

Prime rate

6.8%

CPI YoY

+3.2%

U.S. GDP YoY

+6.5%

Sources and warnings

Data Provenance

Census ACS 5-year

2024

BLS LAUS / CPS

June 2026

BEA regional CAGDP1

2024

USAspending

FY2025

FRED

2026-07-30

HUD Fair Market Rent

Latest available

Data notes
  • HUD_API_TOKEN missing; ACS median gross rent is used as the housing affordability fallback.

5-year compound growth

Historical Trends

Population CAGR

-1.1%

GDP CAGR

+8.2%

Federal flow

5 years

Population (5 years)
20201,886
20211,773
20221,862
20231,860
20241,782
GDP (5 years)
2020$159.1M
2021$181.0M
2022$213.7M
2023$241.7M
2024$236.1M

2-year linear forecast

Predictive Outlook

Population forecast

20241,782
20251,796 *
20261,784 *

R² = 13.8% · * projected

GDP forecast

2024$236.1M
2025$270.7M *
2026$292.2M *

R² = 91.0% · * projected

Linear regression over available historical data. Projections are estimates based on past trends and do not account for policy changes, economic shocks, or other external factors.

housing affordability breakdown

Cost of Living

Median household income$55,125/yr
Median rent$471/mo
Rent share of income10.3%
Est. mortgage (30yr, 6.5%)$8,058/yr
Mortgage share of income14.6%

Rent data from Census ACS 5-year. Mortgage estimate assumes 20% down, 6.5% APR, 30-year fixed.

employment snapshot

Job Market

Unemployment rate3.3%
State avg4.0%
U.S. avg4.2%
Labor force participation63.5%
Poverty rate12.2%

Data from BLS LAUS / CPS. June 2026.

valuation snapshot

Real Estate

Median home value$132,800
Median monthly rent$471
Price-to-rent ratio23.5x

High price-to-rent ratio — renting may be more economical than buying in this market.

composite score

Investment Climate

Investment climateModerate
Composite score43/100
Economic growth23/100
Labor market72/100
Population momentum17/100
Overall stability59/100

Composite score weighs economic growth, labor market health, population momentum, and overall stability. Not financial advice.

Location Context

Memphis city, Missouri

City/Town

Part of

Missouri

Nearby locations

Arbela, MOGranger, MOSouth Gorin, MODowning, MORutledge, MO