ZIP Code 38018

In ZIP code 38018, on the eastern side of Memphis, households bring in a median of $90,004 a year, while per-person income sits at $43,096. A median home value of $293,800 pairs with a county property tax rate of 0.97%, which works out to roughly $2,850 annually in property taxes. Sales taxes add 9.75% to most purchases, a cost that accumulates with everyday spending. Those earning the area median can absorb both taxes while still covering housing, though the sales rate does trim purchasing power on each transaction.