38080 Ridgely, TN is a small town located in Lauderdale County in the western part of the state. It is a charming rural community which has much to offer residents, including access to major metropolitan areas such as Memphis and Nashville. The average 2 bedroom rent in 38080 Ridgely, TN is $660 per month, significantly lower than the US average of $1,430. Grocery costs in 38080 Ridgely are also below the national index, with an index rating of 92 versus 100 in the US. There are several local businesses that operate in 38080 Ridgely such as the Family Dollar Store and King's Grocery Store. The overall cost of living in this area is relatively low compared to other parts of the country.
Ridgely (zip 38080) has an unemployment rate of 8.9%. The US average is 6.0%.
Ridgely (zip 38080) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 14.6%, which is lower than the US average of 33.5%.
Tax Rates for Ridgely (zip 38080)
- The Sales Tax Rate for Ridgely (zip 38080) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Ridgely (zip 38080) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Ridgely (zip 38080)
- The average income of a Ridgely (zip 38080) resident is $16,761 a year. The US average is $28,555 a year.
- The Median household income of a Ridgely (zip 38080) resident is $37,616 a year. The US average is $69,021 a year.