38120 Map

38120 Income Statistics

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Comparison to Surrounding Areas

38120 Median Household Income

The median household income ($119,309) for 38120 is less than the median household income for 38138 ($130,125). But it's more than 38117 ($93,688), 38122 ($45,456), 38134 ($61,172), 38018 ($89,627), 38119 ($86,325), Shelby County ($62,337), and Memphis city ($51,211).

38120$119,309
Memphis city$51,211
Shelby County$62,337

38120 Average Household Income

The average household income ($222,328) for 38120 is more than 38138 ($170,322), 38122 ($57,770), 38134 ($75,649), 38018 ($107,717), 38117 ($141,823), 38119 ($115,410), Shelby County ($93,795), and Memphis city ($77,102).

38120$222,328
Memphis city$77,102
Shelby County$93,795

38120 Per-Capita Income

The per-capita income for 38120 is $101,589. The per capita income ($101,589) for 38120 is more than 38138 ($68,727), 38122 ($21,809), 38134 ($28,205), 38018 ($41,229), 38117 ($62,424), 38119 ($51,624), Shelby County ($37,666), and Memphis city ($32,314).

38120$101,589
Memphis city$32,314
Shelby County$37,666

38120 High Income Households

29.9% of households make over $200,000 a year. The percent high income households (29.9%) for 38120 is more than 38138 (28.2%), 38122 (1.6%), 38134 (3.3%), 38018 (11.2%), 38117 (18.5%), 38119 (12.3%), Shelby County (9.4%), and Memphis city (5.9%).

3812029.9%
Memphis city5.9%
Shelby County9.4%

38120 Median Household Income by Age of Householder

under 25 years 25 to 44 years 45 to 64 years 65 years and over
38120$78,000$97,058$162,404$105,625
Memphis city$33,103$52,615$58,790$45,024
Shelby County$34,795$61,388$76,249$53,332

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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 2023 5-year estimates. You can find this information and other demographics for 38120 on the US Census Bureau’s website. These values are in 2023 inflation-adjusted dollars and were downloaded on 12 December 2024.

The following data tables were used:

  • B19001 Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19013 Median Household Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19301 Per Capita Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • S1902 Mean Income in the Past 12 Months (in 2023 inflation-adjusted dollars)
  • B19049 Median Household Income in the Past 12 Months (in 2023 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+/-$13,612+/-$52,804+/-$25,625+/-6.2%+/-$62,539+/-$13,425+/-$20,981+/-$28,307
Memphis city+/-$1,111+/-$2,340+/-$912+/-0.5%+/-$2,515+/-$1,787+/-$2,265+/-$1,874
Shelby County+/-$1,088+/-$1,893+/-$731+/-0.4%+/-$2,897+/-$1,908+/-$2,409+/-$1,428