ZIP Code 38125 — Memphis, TN
IRS Income Data, Tax Year 2022
$65,357
Average AGI
#15,469
National Rank
#223
TN State Rank
20,860
Tax Returns
About Memphis, TN
FedEx logistics hub and healthcare center anchor employment and income for region. No state income tax advantage for all earners provides advantage to all earners. Lower incomes and employment disparities challenge stability.
Income Bracket Distribution
Percentage of tax returns in each AGI bracket for ZIP 38125.
Detailed Bracket Data
| Income Bracket | Returns | Total AGI | Avg AGI in Bracket | % of Returns |
|---|---|---|---|---|
| $1 - $25,000 | 6,400 | $90,117,000 | $14,080 | 30.7% |
| $25,000 - $50,000 | 6,040 | $223,345,000 | $36,977 | 29.0% |
| $50,000 - $75,000 | 3,700 | $226,723,000 | $61,276 | 17.7% |
| $75,000 - $100,000 | 1,950 | $167,773,000 | $86,037 | 9.4% |
| $100,000 - $200,000 | 2,200 | $291,634,000 | $132,560 | 10.6% |
| $200,000 or more | 570 | $363,772,000 | $638,196 | 2.7% |
| Total | 20,860 | $1,363,364,000 | $65,357 | 100% |
Nearby Major Cities
Closest cities by distance with significant tax filing activity.
| City | Distance | Avg AGI | Tax Returns |
|---|---|---|---|
| Little Rock, AR | 148 mi | $97,622 | 96,220 |
| Clarksville, TN | 171 mi | $63,017 | 93,830 |
| Huntsville, AL | 181 mi | $87,067 | 96,740 |
| Nashville, TN | 185 mi | $129,198 | 210,340 |
| Jackson, MS | 189 mi | $54,893 | 61,210 |
| Birmingham, AL | 198 mi | $51,611 | 65,650 |
Similar ZIP Codes in Tennessee
| ZIP Code | City | Avg AGI | Nat. Rank |
|---|---|---|---|
| 37330 | Estill Springs | $65,509 | #15,383 |
| 37191 | Woodlawn | $65,565 | #15,348 |
| 38390 | Yuma | $65,100 | #15,616 |
| 38256 | Springville | $65,082 | #15,634 |
| 37334 | Fayetteville | $65,077 | #15,638 |
| 38040 | Halls | $65,063 | #15,652 |
| 37381 | Spring City | $65,670 | #15,284 |
| 37025 | Bon Aqua | $65,708 | #15,260 |
Nearby ZIP Codes
Closest ZIP codes by geographic distance.
| ZIP Code | City | Distance | Avg AGI | Nat. Rank |
|---|---|---|---|---|
| 38139 | Germantown, TN | 3.6 mi | $265,647 | #473 |
| 38138 | Germantown, TN | 4.1 mi | $166,209 | #1,362 |
| 38141 | Memphis, TN | 4.1 mi | $40,275 | #26,745 |
| 38119 | Memphis, TN | 4.8 mi | $100,605 | #4,586 |
| 38115 | Hickory Hill, TN | 5.0 mi | $34,557 | #27,314 |
| 38017 | Collierville, TN | 5.9 mi | $144,812 | #1,890 |
| 38120 | Memphis, TN | 7.4 mi | $303,945 | #360 |
| 38118 | Memphis, TN | 8.4 mi | $34,489 | #27,319 |
About This Data
Income data is based on IRS Statistics of Income (SOI) ZIP code data for Tax Year 2022. AGI (Adjusted Gross Income) represents gross income minus certain deductions. Rankings are calculated across 590 ZIP codes in Tennessee and all U.S. ZIP codes nationally. Data reflects tax returns filed, not total population.