Memphis, TN — income, home value, property tax, and sales tax.
In ZIP code 38104, part of Memphis, households earn a median of $58,117, while per-capita income reaches $53,836 — a gap that hints at smaller household sizes or varied earners within the area. Homes here carry a median value of $317,200, and the county-level property tax rate of 0.97% means owners pay roughly $3,077 annually on a home at that price. Add a combined sales tax of 9.75% on purchases, and the cost picture blends a mid-range income with above-average housing values and taxes that take a noticeable bite.
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