Elgin, TN — income, home value, property tax, and sales tax.
Elgin's 37755 ZIP code sits in working-class to lower-middle-income territory, with a median household income of $46,238 and per-capita income of $19,077. Homes here carry a median value of $159,000, and the county-level effective property tax rate of 0.51% keeps annual property taxes comparatively gentle on those valuations. Sales taxes are another matter: the combined rate reaches 9.25%, so everyday purchases take a noticeable bite out of paychecks that are already stretched. Households earning around $46,000 absorb that higher consumption tax on groceries, fuel, and other routine expenses, while the lower property levy offers some offset for owners in and around the Elgin area.
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