Memphis, TN — income, home value, property tax, and sales tax.
ZIP code 38119, in the Memphis area, sits comfortably in middle-to-upper-income territory, with a median household income of $89,289 and per-capita income of $53,019. Homes here carry a median value of $296,700, and the county-level property tax rate of 0.97% translates into a notable annual bill on that value. Add a combined sales tax rate of 9.75%, and the overall tax picture leans heavier on consumption than on property. Households here generally have the earnings to absorb those costs, placing the area above Memphis's broader economic baseline without reaching the highest tiers.
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