Memphis, TN — income, home value, property tax, and sales tax.
In ZIP 38128, near Memphis, households earn a median of $47,645, or about $25,644 per person. A median home value of $138,000 pairs with a county property tax rate of 0.97%, which works out to roughly $1,339 a year for a home at that value. Sales taxes add up to 9.75% on purchases, a meaningful cost on everyday spending. Together, these figures sketch a place where incomes stretch against both a yearly property tax bill and one of the higher combined sales tax rates, shaping what a household here can set aside.
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