Memphis, IN is a small town located in Clark County. It is home to several local businesses and is an affordable place to live for those looking for a peaceful and relaxed atmosphere. The rental rate for a two-bedroom apartment in Memphis, IN is $1,130 per month which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Memphis, IN is 97 compared to 100 in the US on average making it even more economically attractive.
Some notable companies located in Memphis are Herbie's Automotive LLC., White’s Auto Parts LLC., CHEM-DRY of Southern Indiana/Louisville KY Carpet Cleaning Services., and O'Brien Family Farms Inc. All of these businesses and more contribute to the unique atmosphere that Memphis has to offer its residents.
Memphis has an unemployment rate of 4.4%. The US average is 6.0%.
Memphis has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Memphis
- The Sales Tax Rate for Memphis is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Memphis is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Memphis
- The average income of a Memphis resident is $31,126 a year. The US average is $28,555 a year.
- The Median household income of a Memphis resident is $81,111 a year. The US average is $69,021 a year.