ZIP Code 38114

In ZIP code 38114, which covers part of Memphis, households earn a median of $34,206 a year, while per-capita income reaches $23,741. That earnings level shapes how far each dollar stretches, especially with a combined sales tax of 9.75 percent applied to everyday purchases. Homes here carry a median value of $82,000, and the county's 0.97 percent property tax rate translates into a comparatively small annual bill at that price. The result is a budget where housing costs stay contained but daily spending absorbs a noticeable share of income, making sales tax the more constant pressure on wallets throughout the year.