ZIP Code 38054

In ZIP code 38054, near Memphis, per-capita income stands at $29,292. That figure shapes nearly every spending decision a household here makes. County property taxes run at an effective rate of 0.97%, so a home's assessed value drives the annual bill directly. Meanwhile, the combined sales tax rate reaches 9.75%, which adds noticeably to everyday purchases like groceries, clothing, and gasoline. With earnings at this level, housing and consumption costs together claim a large share of each paycheck, leaving less flexibility for savings or unexpected expenses. Understanding both tax rates helps households in this area plan more deliberately.