ZIP Code 38112

In ZIP code 38112, near Memphis, households bring in a median income of $55,207, while per-capita income sits at $32,543. Homes here carry a median value of $252,100, and the county-level property tax rate of 0.97% translates into a yearly levy of roughly $2,445 on such a home. Sales taxes add 9.75% to purchases. Weighing these together, housing costs and income are closely matched, and the combined tax load—property plus sales—shapes what a household here can set aside or spend elsewhere.