Census ACS · ZIP Code Tabulation Area

38116 Income Statistics for 2026

Shelby County, Tennessee

Median household income

$42,183

Median household income ($42,183) is lower than Shelby County County ($71,497).

38116$42,183
Shelby County County$71,497
38120$123,538
38139$178,661
38017$138,677
38138$136,297
38002$116,895

Average household income

$58,713

Average household income ($58,713) is lower than Shelby County County ($96,548).

38116$58,713
Shelby County County$96,548
38120$243,896
38139$237,803
38017$180,468
38138$174,031
38002$144,503

Per-capita income

$24,131

Per-capita income ($24,131) is lower than Shelby County County ($38,964).

38116$24,131
Shelby County County$38,964
38120$108,686
38139$85,385
38017$65,812
38138$70,818
38002$51,122

Households earning $100k+

14.3%

Households earning $100k+ (14.3%) is lower than Shelby County County (32.0%).

3811614.3%
Shelby County County32.0%
3812060.9%
3813980.8%
3801766.5%
3813860.1%
3800259.5%

All demographics

Population
40,061
Households
15,599
Median age
34.9 yrs
Median household income
$42,183
Mean household income
$58,713
Per capita income
$24,131
Median home value
$138,600
Median gross rent
$1,059
Owner-occupied housing
43.2%
Bachelor's degree or higher
22.2%
In labor force
58.3%
Poverty rate
31.1%
Households earning $100k+
14.3%
Population under 5
7.4%
Population age 18–34
24.0%
Population age 25–44
26.9%
Population age 45–64
20.9%
Population age 65+
17.6%
Hispanic or Latino
3.5%
Black (non-Hispanic)
91.5%
Asian (non-Hispanic)
0.0%
Unemployment rate
13.3%

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/38116

Link to this page

Permanent URL backed by Census ACS data in PocketBase.

Context & methodology

About ZIP 38116 income statistics ($42,183 median)

ZIP Code Tabulation Area 38116 in Tennessee is defined by the U.S. Census Bureau for statistical reporting. It closely matches USPS ZIP code 38116 but may differ slightly at edges — use these ACS figures as demographic benchmarks, not exact postal boundaries.

An estimated 40,061 people live in this ZCTA. Median household income here ($42,183) is lower than Shelby County County ($71,497). Operators sizing a local market often pair median income with mean income ($58,713) 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