Memphis, TN — income, home value, property tax, and sales tax.
In ZIP code 38152, near Memphis, per-capita income stands at $4,959, which shapes how heavily other costs land on a household. The county-level effective property tax rate is 0.97%, applied to whatever home value a buyer carries. Sales tax reaches 9.75% when combined, so everyday purchases take a noticeable bite. With earnings this low, both the property levy and the sales rate draw on a tight base, meaning housing and consumption costs weigh more heavily here than the percentages alone might imply.