Selmer, TN is a small charming town nestled in West Tennessee. With its close proximity to Jackson and Memphis, Selmer has become a popular destination for those looking for an affordable place to live. Rent for a two-bedroom apartment is significantly lower than the US average, at $760 compared to $1,430. Additionally, Grocery Cost Index is 92 compared to 100 in the US. The cost of living makes it an attractive option for those seeking a more affordable lifestyle. There are many local businesses that offer great services and products such as Barry's Tire & Auto Service which provides reliable auto repair services; Brightstar Care which offers in home health care; and Hughes Furniture & Appliances offering quality furniture at low prices. Selmer also has a variety of restaurants and recreational activities to enjoy including golf courses, biking paths and parks.
Selmer has an unemployment rate of 7.4%. The US average is 6.0%.
Selmer has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Selmer
- The Sales Tax Rate for Selmer is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Selmer 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 Selmer
- The average income of a Selmer resident is $18,974 a year. The US average is $37,638 a year.
- The Median household income of a Selmer resident is $32,704 a year. The US average is $69,021 a year.