Memphis, TN — income, home value, property tax, and sales tax.
Households in ZIP code 38004, near Memphis, report a median income of $92,928, with per-capita income at $44,946. Homes here carry a median value of $320,900, and the county-level property tax rate of 0.50% keeps annual housing taxes comparatively contained. Sales tax, however, reaches 9.75% combined, a rate that shapes everyday spending on goods and services. Together these figures sketch a local economy where earnings run above many parts of the region, home prices sit in the mid range, and the tax mix leans more heavily on purchases than on property ownership.
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