Memphis, TN — income, home value, property tax, and sales tax.
ZIP code 38139, in the Memphis area, ranks among the wealthier places in the region, with a median household income of $178,661 and per-capita income of $85,385. Homes here are valued at a median of $575,500, and the county-level property tax rate of 0.97% means owners pay roughly $5,582 annually on a house at that value. Shoppers face a combined sales tax of 9.75%, which adds nearly a dime on every dollar spent. High earnings and pricey housing place this ZIP firmly in affluent territory, and its tax obligations follow accordingly.
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