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38120 Map

38120 Income Statistics

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Comparison to Surrounding Areas

38120 Median Household Income

The median household income ($112,700) for 38120 is less than the median household income for 38138 ($122,627). But it's more than 38117 ($91,680), 38122 ($45,065), 38134 ($57,630), 38018 ($82,355), 38119 ($92,500), Shelby County ($59,621), and Memphis city ($48,090).

38120$112,700
Memphis city$48,090
Shelby County$59,621

38120 Average Household Income

The average household income ($212,769) for 38120 is more than 38138 ($162,282), 38122 ($57,482), 38134 ($69,030), 38018 ($102,889), 38117 ($136,370), 38119 ($119,005), Shelby County ($90,500), and Memphis city ($74,176).

38120$212,769
Memphis city$74,176
Shelby County$90,500

38120 Per-Capita Income

The per-capita income for 38120 is $96,190. The per capita income ($96,190) for 38120 is more than 38138 ($64,335), 38122 ($22,501), 38134 ($25,909), 38018 ($38,956), 38117 ($60,093), 38119 ($51,733), Shelby County ($36,230), and Memphis city ($31,060).

38120$96,190
Memphis city$31,060
Shelby County$36,230

38120 High Income Households

30.2% of households make over $200,000 a year. The percent high income households (30.2%) for 38120 is more than 38138 (23.8%), 38122 (1.8%), 38134 (1.9%), 38018 (9.4%), 38117 (15.9%), 38119 (13.8%), Shelby County (8.6%), and Memphis city (5.5%).

3812030.2%
Memphis city5.5%
Shelby County8.6%

38120 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
38120$44,286$96,306$158,397$96,857
Memphis city$31,017$48,812$55,957$42,722
Shelby County$32,691$57,930$73,464$51,009

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About the Data

Sources & Margins of Error

All income statistics above are the most current, comparable income statistics available from the US Census Bureau and are from the American Community Survey 2022 5-year estimates. You can find this information and other demographics for 38120 on the US Census Bureau’s website. These values are in 2022 inflation-adjusted dollars and were downloaded on 7 December 2023.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2022 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2022 inflation-adjusted dollars) By Age Of Householder

Margins of error for the above 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+/-$13,547+/-$49,983+/-$22,935+/-6.1%+/-$40,787+/-$8,369+/-$44,744+/-$24,100
Memphis city+/-$1,364+/-$2,181+/-$853+/-0.4%+/-$2,348+/-$2,733+/-$2,088+/-$2,082
Shelby County+/-$1,066+/-$1,835+/-$670+/-0.5%+/-$3,172+/-$1,717+/-$1,935+/-$1,413