ZIP Code 38118

In ZIP code 38118, which takes in part of Memphis, households bring in a median of $43,446 a year, while per-capita income sits at $22,369 — a gap that reflects how many people share each home. A median home value of $107,600 keeps property taxes near $1,044 annually at the county's 0.97% rate, though the 9.75% combined sales tax adds up quickly on everyday purchases. That leaves earners balancing a lower housing cost against steeper costs at the register, so day-to-day spending choices carry real weight in the monthly budget.