ZIP code 38116
38116 is in Shelby County, Tennessee.
40,061Residents
$42,183Median household income
$1,059/moMedian gross rent
$138,600Median home value
34.9Median age
22%Adults with a bachelor’s degree or higher
43%Homes lived in by their owners
3.3×Home value to household income
Median rent takes about 30% of the median household income in ZIP 38116.
What pay do you need to rent here?
To keep rent at or below 30% of gross pay, you would need about $42,000 a year. In Tennessee that leaves roughly $2,994 a month after tax. See the full paycheck breakdown for $40,000.
Other ZIP codes in Shelby County
- 38017 $138,677
- 38016 $76,569
- 38134 $60,622
- 38002 $116,895
- 38125 $86,162
- 38109 $37,496
- 38128 $47,645
- 38111 $52,589
- 38127 $36,901
- 38118 $43,446
- 38018 $90,004
- 38115 $45,636
All ZIP codes in Tennessee · Highest-paying jobs in Tennessee
Source: Census ACS 2024 ACS 5-year, ZIP code tabulation areas. ZCTAs approximate postal ZIP codes and can differ from them. Small areas carry larger margins of error.