Memphis, TN — income, home value, property tax, and sales tax.
In ZIP 38133, near Memphis, homes carry a median value of $270,900, and the county-level property tax rate of 0.97% works out to roughly $2,628 a year. With median household income at $81,659, that tax bill equals about 3.2% of annual earnings, a share that leaves room in the budget for other costs. Per-capita income sits at $39,774. Day-to-day purchases also carry a 9.75% combined sales tax, which adds to the overall cost of living in this part of the Memphis area.
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