Comparison to Surrounding Areas
The median household income ($123,538) for 38120 is less than the median household income for 38138 ($136,297). But it's more than 38117 ($85,633), 38122 ($48,710), 38134 ($60,622), 38018 ($90,004), 38119 ($89,289), Shelby County ($63,767), and Memphis city ($51,736).
| 38120 | $123,538 |
| Memphis city | $51,736 |
| Shelby County | $63,767 |
Get Median Household Income for all Zip Codes in Tennessee.
The average household income ($243,896) for 38120 is more than 38138 ($174,031), 38122 ($64,649), 38134 ($78,580), 38018 ($110,330), 38117 ($143,779), 38119 ($119,123), Shelby County ($96,640), and Memphis city ($78,517).
| 38120 | $243,896 |
| Memphis city | $78,517 |
| Shelby County | $96,640 |
Get Average Household Income for all Zip Codes in Tennessee.
The per-capita income for 38120 is $108,686. The per capita income ($108,686) for 38120 is more than 38138 ($70,818), 38122 ($23,285), 38134 ($28,888), 38018 ($43,096), 38117 ($65,576), 38119 ($53,019), Shelby County ($39,083), and Memphis city ($33,100).
| 38120 | $108,686 |
| Memphis city | $33,100 |
| Shelby County | $39,083 |
Get Per-Capita Income for all Zip Codes in Tennessee.
32.1% of households make over $200,000 a year. The percent high income households (32.1%) for 38120 is more than 38138 (29.4%), 38122 (2.7%), 38134 (3.7%), 38018 (10.6%), 38117 (18.0%), 38119 (12.2%), Shelby County (9.7%), and Memphis city (5.8%).
| 38120 | 32.1% |
| 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 | |
|---|---|---|---|---|
| 38120 | $-1 | $107,734 | $168,388 | $111,953 |
| 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 38120 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+ | |||||
| 38120 | +/-$16,428 | +/-$56,023 | +/-$26,125 | +/-6.1% | +/-$-1 | +/-$18,734 | +/-$41,310 | +/-$29,106 |
| 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 |