ZIP Code 38106

In the 38106 ZIP code of Memphis, households earn a median of $30,232, while per-capita income sits at $19,130 — a gap that signals many homes rely on more than one earner or on fixed incomes. With median home values at $71,800, property taxes at the county's 0.97% rate run about $696 a year, a real line item against these earnings. Add a 9.75% combined sales tax on everyday purchases, and daily costs climb quickly. Budgets here stretch thin, with housing and consumption taxes absorbing a meaningful share of each paycheck.