Comparison to Surrounding Areas
The median household income ($43,446) for 38118 is less than the median household income for 38672 ($116,184), 38654 ($103,092), 38671 ($61,843), 38111 ($52,589), 38115 ($45,636), 38117 ($85,633), 38141 ($60,817), Shelby County ($63,767), and Memphis city ($51,736). But it's more than 38114 ($34,206), 38116 ($42,183), and 38132 ($-1).
| 38118 | $43,446 |
| Memphis city | $51,736 |
| Shelby County | $63,767 |
Get Median Household Income for all Zip Codes in Tennessee.
The average household income ($64,011) for 38118 is less than the average household income for 38672 ($121,763), 38654 ($120,022), 38671 ($77,665), 38111 ($89,808), 38117 ($143,779), 38141 ($76,738), Shelby County ($96,640), and Memphis city ($78,517). But it's more than 38114 ($48,730), 38115 ($58,028), 38116 ($58,713), and 38132 ($-1).
| 38118 | $64,011 |
| Memphis city | $78,517 |
| Shelby County | $96,640 |
Get Average Household Income for all Zip Codes in Tennessee.
The per-capita income for 38118 is $22,369. The per capita income ($22,369) for 38118 is less than the per capita income for 38672 ($43,509), 38654 ($43,486), 38671 ($31,156), 38111 ($38,740), 38114 ($23,741), 38115 ($25,274), 38116 ($24,131), 38117 ($65,576), 38141 ($26,984), Shelby County ($39,083), and Memphis city ($33,100). But it's more than 38132 ($-1).
| 38118 | $22,369 |
| Memphis city | $33,100 |
| Shelby County | $39,083 |
Get Per-Capita Income for all Zip Codes in Tennessee.
2% of households make over $200,000 a year. The percent high income households (2.0%) for 38118 is less than the percent high income households for 38672 (8.4%), 38654 (12.8%), 38671 (5.3%), 38111 (8.8%), 38116 (2.3%), 38117 (18.0%), 38141 (3.7%), Shelby County (9.7%), and Memphis city (5.8%). But it's more than 38114 (1.9%), 38115 (1.1%), and 38132 (-1.0%).
| 38118 | 2.0% |
| Memphis city | 5.8% |
| Shelby County | 9.7% |
Get High Income Households for all Zip Codes in Tennessee.
| under 25 years | 25 to 44 years | 45 to 64 years | 65 years and over | |
|---|---|---|---|---|
| 38118 | $41,406 | $39,636 | $49,859 | $47,723 |
| Memphis city | $32,832 | $53,332 | $60,554 | $45,532 |
| Shelby County | $34,309 | $63,685 | $78,069 | $54,632 |
Get Median Household Income by Age of Householder for all Zip Codes in Tennessee.
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All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2024 5-year estimates. You can find this information and other demographics for 38118 on the US Census Bureau’s website. These values are in 2024 inflation-adjusted dollars and were downloaded on 29 January 2026.
Margins of error for the income data are:
| Median Household Income | Average Household Income | Per Capita Income | High Income Households | Median Household Income by Age of Householder | ||||
|---|---|---|---|---|---|---|---|---|
| under 25 | 25 to 44 | 45 to 64 | 65+ | |||||
| 38118 | +/-$2,887 | +/-$11,871 | +/-$4,163 | +/-1.0% | +/-$932 | +/-$4,447 | +/-$5,427 | +/-$6,890 |
| Memphis city | +/-$1,072 | +/-$2,277 | +/-$933 | +/-0.4% | +/-$2,606 | +/-$2,017 | +/-$2,232 | +/-$1,810 |
| Shelby County | +/-$1,251 | +/-$1,946 | +/-$742 | +/-0.4% | +/-$2,342 | +/-$1,988 | +/-$2,200 | +/-$1,662 |