Memphis, FL is a great place to live. Home to many renowned companies such as Memphis Auto Parts and WrightWire Technologies, the city has much to offer. With affordable two bedroom rent of $1,510 and grocery cost index of 105 compared to 100 in the US the city is a great option for people seeking value for money living. The vibrant culture of the city adds to its appeal making it an attractive destination for young professionals or those even looking for retirement homes.
Memphis has an unemployment rate of 4.4%. The US average is 6.0%.
Memphis has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 45.1%, 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 0.0%. 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 $16,827 a year. The US average is $28,555 a year.
- The Median household income of a Memphis resident is $59,613 a year. The US average is $69,021 a year.