Census ACS · ZIP Code Tabulation Area

38016 Income Statistics for 2026

Shelby County, Tennessee

Median household income

$76,569

Median household income ($76,569) is higher than Shelby County County ($71,497).

38016$76,569
Shelby County County$71,497
38120$123,538
38139$178,661
38017$138,677
38138$136,297
38002$116,895

Average household income

$92,296

Average household income ($92,296) is lower than Shelby County County ($96,548).

38016$92,296
Shelby County County$96,548
38120$243,896
38139$237,803
38017$180,468
38138$174,031
38002$144,503

Per-capita income

$39,627

Per-capita income ($39,627) is higher than Shelby County County ($38,964).

38016$39,627
Shelby County County$38,964
38120$108,686
38139$85,385
38017$65,812
38138$70,818
38002$51,122

Households earning $100k+

36.6%

Households earning $100k+ (36.6%) is higher than Shelby County County (32.0%).

3801636.6%
Shelby County County32.0%
3812060.9%
3813980.8%
3801766.5%
3813860.1%
3800259.5%

All demographics

Population
44,136
Households
18,517
Median age
37.0 yrs
Median household income
$76,569
Mean household income
$92,296
Per capita income
$39,627
Median home value
$282,800
Median gross rent
$1,595
Owner-occupied housing
54.7%
Bachelor's degree or higher
40.8%
In labor force
70.5%
Poverty rate
9.8%
Households earning $100k+
36.6%
Population under 5
5.9%
Population age 18–34
26.7%
Population age 25–44
30.1%
Population age 45–64
24.9%
Population age 65+
14.0%
Hispanic or Latino
7.3%
Black (non-Hispanic)
54.3%
Asian (non-Hispanic)
4.3%
Unemployment rate
4.9%

County and peer ZIP comparisons use population-weighted aggregates from other ZCTAs in the same county. Source: US Census Bureau ACS 5-year estimates. Page URL: https://resource.skyrocketbpo.com/tools/market-research/us-income-demographics-by-zip-code/tennessee/38016

Link to this page

Permanent URL backed by Census ACS data in PocketBase.

Context & methodology

About ZIP 38016 income statistics ($76,569 median)

ZIP Code Tabulation Area 38016 in Tennessee is defined by the U.S. Census Bureau for statistical reporting. It closely matches USPS ZIP code 38016 but may differ slightly at edges — use these ACS figures as demographic benchmarks, not exact postal boundaries.

An estimated 44,136 people live in this ZCTA. Median household income here ($76,569) is higher than Shelby County County ($71,497). Operators sizing a local market often pair median income with mean income ($92,296) and the share of households earning $100k+ to gauge both typical and upscale demand.

The neighboring ZIP comparison table above lists adjacent ZCTAs with their own ACS estimates. Large gaps between adjacent ZIP codes are common — a few miles can separate very different income profiles, which matters for retail trade areas, service radius, and competitive positioning.

Small-area ACS estimates carry wider margins of error than state or county totals. The Census Bureau publishes guidance on interpreting confidence intervals (linked below). When a figure is critical to your analysis, download the underlying table from data.census.gov and review the margin of error column before citing it in a business plan or press release.

Data vintage: Census ACS 2024 5-year estimates (published 2026). Tables: B19013 (median HH income), B19001 (distribution), B19049 (income by age of householder).

Authoritative sources & further reading

Primary government data and reference pages for verifying and extending this analysis.

Related market research tools

Combine ZIP-level income with these free Resource tools for fuller market pictures.

All ZIP codes·Tennessee·ZIP codes in Shelby County