38120 Zip Code

Below you will find a comprehensive overview of the statistics and characteristics of the 38120 zip code. These include population demographics, economic characteristics, education data, occupation information, housing characteristics, and more.

Key Information:
StateTennessee
CityMemphis
Time ZoneAmerica/Chicago
Geo Location35.12352, -89.85219
Population14724
Size24.989 square miles
Median Family Income$158276.00
Median Home Value$370300.00

Population & Demographics

The following information lists the population statistics and breakdown for the 38120 zip code. The total population is 14724, of which, 6980 are male and 7744 are female. With a total area of 24.989 square miles, the population density is 598.5 people per square mile. The median age of the population is 43.8 years old. Below you’ll find additional information on the population and demographics of this zip code, including age distribution, race distribution, language spoken, and more.

YearPopulation
201114004
201214003
201314617
201414587
201514273
201614823
201714928
201814634
201914956
202015485
202114724

Age BracketNumber of PeoplePercentage of Population
Under 5 years old 6404.3%
Age 5-97425%
Age 10-149226.3%
Age 15-199596.5%
Age 20-247685.2
Age 25-297735.2%
Age 30-348735.9%
Age 35-399146.2%
Age 40-44992 6.7%
Age 45-496764.6%
Age 50-547535.1%
Age 55-599496.4%
Age 60-64152910.4%
Age 65-6911307.7%
Age 70-749856.7%
Age 75-795443.7%
Age 80-842401.6%
Age 85 and over3352.3%


Languages Spoken (of those 5 years of age and older) :
  • Speaks Language other than English: 5.1 %
  • Speaks Spanish: 0.3 %
  • Speaks Other Indo-European Language: 1.2 %
  • Speaks Pacific Island Languages: 3.3 %
  • Speak Other Languages: 0.3 %
Marital Status: 
  • Currently Married: 64.5 %
  • Divorced: 8.4 %
  • Separated (not divorced): 1.1 %
  • Never Married: 22.8 %

Income & Economic Characteristics

The median inflation-adjusted family income in the 38120 zip code is $158276. This is 69.51% greater than the national average. This income places 7% of the population below the poverty line. The average retirement income for individuals in this zip code (for those that have it) is $34217. Below you can find additional economic characteristics, including income bracket distribution, median income over time, retirement statistics, and more.

Annual Income Bracket ($)Number of Families in Bracket
Less than $10,000.0072
$10,000.00 – $14,999.0033
$15,000.00 – $24,999.0091
$25,000.00 – $34,999.00128
$35,000.00 – $49,999.00167
$50,000.00 – $74,999.00265
$75,000.00 – $99,999.00571
$100,000.00 – $149,999.00759
$150,000.00 – $199,999,00524
$200,000.00 +1676

YearMedian Family Income ($ USD)
2011109899
2012110241
2013114514
2014115750
2015116420
2016116833
2017127173
2018121654
2019122236
2020150660
2021158276

Income Source# of Households
Wage or Salary4878
Self Employment1183
Social Security2150
Dividends, Interest, or Rental2474
Retirement1384
Other500

Total Insured & Uninsured Individuals: 
  • Families Insure: 14000
  • Families Uninsured: 701
Total Individuals with and w/o retirement income:   
  • Yes retirement income: 1384
  • No retirement income: 4853

Education

In the 38120 zip code, 97.3% of individuals over 25 years old have a high school degree or higher, and 69.7% have a bachelors degree or higher. Additionally, 48.5% of individuals 3 years and older are in private school, and 51.5% are in public school. The data below outline the education level breakdown, degree field breakdown, and more.




Occupation and Work Characteristics

In the 38120 zip, there are an estimated 8301 people in the labor force, of which, 8099 are employed, and 191 are unemployed. There are a total of 11 people in the armed forces. The average commute time for this zip code is 17.7 minutes. Of the total people that work, 896 worked from home and 8006 commuted. The average number of hours worked is 41.7. Below you’ll find additional information on occupation distribution, industry breakdown, commuting characteristics and workplace statistics.

Occupation# of Individual
Management, Business, Science, and Arts5238
Services942
Sales and Office1246
Construction and Maintenance:328
Transportation and Material Moving345





Housing

The median home value for the 38120 zip code is 370300. There is an estimated  6237 number of occupied housing units, the median gross rent in is $1248 per month, and the average monthly housing costs are estimated to be $1526. Below you’ll find additional breakdowns of home values, rents, home build years, and more.

Home Value (USD)Number of Homes
Less than $50,00011
$50,000 – $99,000151
$100,000 – $149,999281
$150,000 – $199,999274
$200,000 – $299,9991024
$300,000 – $499,9991579
$500,000 – $999,999757
$1,000,000+704

Home Year BuiltNumber of Homes
2020 or Later0
2010 – 201966
2000 – 2009687
1980 – 19991902
1960 – 19792028
1940 – 19591471
1939 or earlier83

The median number of rooms in all housing units is 7.4 rooms.
Monthly Rent ($ USD)Number of Units
Less than $5000
$500 – $999285
$1,000 – $1,499701
$1,500 – $1,999308
$2,000 – $2,4990
$2,499 – $2,99915
$3,000 + 16

Monthly Housing Costs ($)Number of Households
Less than 30052
300-499113
500-799457
800-999641
1000-14991715
1500-19991142
2000-2499543
2500-2999341
3000+1102

Monthly Housing Cost as a % of Monthly IncomeNumber of Households
Less than 20%1362
20%-24.9%494
25%-29.9%181
30%-34.9%130
35+%410



# of VehiclesHouseholds
None160
11644
22969
3+1464
Home Heating Characteristics: 
  • Utility Gas: 58.8 %
  • Bottle Tank or LP Gas: 0.6 %
  • Electricity: 40.1 %
  • Oil or Kerosene etc: 0 %
  • Coal or Coke: 0 %
  • All Other: 0.1 %

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All information sourced from official government sources including Census.gov, the IRS, and the Department of Education.