Memphis, TN — income, home value, property tax, and sales tax.
In Memphis's 38111 ZIP code, households earn a median of $52,589, while per-capita income reaches $38,740 — placing the area in middle-income territory rather than among the city's affluent pockets. Homes here carry a median value of $190,100, and the county-level property tax rate of 0.97% translates into a yearly bill that stays proportionate to those values. Sales taxes, however, add up quickly: the combined rate of 9.75% applies to everyday purchases throughout the area. Taken together, the figures describe a working- and middle-income community where property taxes remain tied closely to housing values, but consumption taxes take a steady bite.
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