ZIP 38118 vs ZIP 38116

Source:

Memphis, TN — Memphis, TN

This side-by-side compares ZIP 38118 (Memphis, TN) and ZIP 38116 (Memphis, TN) using the same Census ACS 5-Year table fields for both — no averages swapped in, no national proxies. ZIP 38118 has a population of 41,465 at 513 people per square mile, while ZIP 38116 has 40,404 at 821 per square mile. That difference in population size and density alone reshapes how every other metric should be interpreted — a higher-income ZIP with 1,200 residents behaves very differently from one with 45,000.

On income and education, ZIP 38118 reports a median household income of $43,446 against $42,183 in ZIP 38116, with per-capita income of $22,369 vs $24,131. The share of adults holding a bachelor's degree or higher is 12.1% in 38118 and 22.2% in 38116. Poverty rate reads 30.2% vs 31.1%, and unemployment 9.4% vs 13.3% — these four fields alone drive most of the difference in the scorecard grades you will see for each ZIP.

Housing separates these two ZIPs further: median home value sits at $107,600 in 38118 versus $138,600 in 38116, with median rent of $1,181 and $1,059 per month respectively. Homeownership rate is 39.8% vs 43.2%. When reading the comparison table below, focus on paired metrics rather than single winners — a ZIP with lower home values and lower income is not strictly "worse" if rent-to-income ratios and commute times land in the same zone. Every value is pulled from the exact same ACS table so the two columns are genuinely comparable.

Compare different ZIP codes:

vs
Metric
38118
Memphis, TN
38116
Memphis, TN
Population 41,465 40,404
Median Household Income $43,446 $42,183
Per Capita Income $22,369 $24,131
Median Age 29.1 34.9
Bachelor's Degree or Higher 12.1% 22.2%
Poverty Rate 30.2% 31.1%
Unemployment Rate 9.4% 13.3%
Median Home Value $107,600 $138,600
Median Rent (monthly) $1,181 $1,059
Homeownership Rate 39.8% 43.2%
Population Density (per sq mi) 513 821

Values highlighted in green indicate the better metric where applicable. Source: U.S. Census Bureau ACS 2023.

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38118
Memphis, TN
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38116
Memphis, TN
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What are common questions about this comparison?

How do ZIP codes 38118 and 38116 compare?
ZIP 38118 (Memphis, TN) has a population of 41,465 and a median household income of $43,446. ZIP 38116 (Memphis, TN) has a population of 40,404 and a median household income of $42,183.
Which ZIP code has higher income, 38118 or 38116?
ZIP 38118 (Memphis, TN) has a higher median household income of $43,446 compared to $42,183 for ZIP 38116.
How do I compare two ZIP codes on PlainZIP?
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All data sourced from the U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates (2023).

PlainZIP is not affiliated with the U.S. Census Bureau or any government agency.

Data sourced from official U.S. Census ACS and HUD-USPS ZIP crosswalk data. See our methodology for details. Retrieved and formatted by PlainZIP Editorial.