Memphis, TN — income, home value, property tax, and sales tax.
In ZIP 38108, near Memphis, households earn a median of $36,257 a year, while per-capita income sits at $20,213. Homes here carry a median value of $71,200, and the county-level property tax rate of 0.97% works out to roughly $690 annually on such a home. Sales taxes, though, take a bigger bite: the combined rate reaches 9.75%, so everyday purchases cost noticeably more. With income at this level and a home value under $75,000, the property tax itself stays contained, but the high sales tax shapes daily spending across this Memphis-area ZIP code.
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