Zip 38040 (Halls, TN) Economy


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United States / Tennessee / No Metro Area / Lauderdale County / Halls / Halls (zip 38040)
The city of Halls, TN (38040) is a wonderful place to live. It has many amenities that make it attractive to potential residents. The 2 bedroom rent in the area is only $720 which is much lower than the US 2 bedroom average of $1,430. Furthermore, grocery costs in Halls are also lower than the national average with an index of 91 compared to 100 in the US.
Halls is home to several businesses and organizations that offer a variety of services. Notable companies include Halls Community Bank, Halls Heating & Air, and Saige’s Auto Repair Shop. These services allow local residents to access various financial, heating/cooling, and automotive services and products right in their own city. This makes day-to-day life easier for those living in Halls by eliminating the need to search for these services outside of town. By having these local businesses available, residents can save both time and money resulting in an increased quality of life.

Halls (zip 38040) has an unemployment rate of 6.6%. The US average is 6.0%.

Halls (zip 38040) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Halls (zip 38040)
- The Sales Tax Rate for Halls (zip 38040) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Halls (zip 38040) 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 Halls (zip 38040)
- The average income of a Halls (zip 38040) resident is $18,908 a year. The US average is $28,555 a year.
- The Median household income of a Halls (zip 38040) resident is $43,298 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHalls, TennesseeUnited States
  6.66
  -3.8%-6.2%
  25.6%33.5%
  9.8%6.2%
  0.0%4.6%
  $23,785$37,638
  $43,298$69,021
  $52,500$85,028
  Population by Occupation
  8.5%1.2%
  0.0%0.5%
  4.6%6.8%
  33.1%10.0%
  4.6%2.5%
  10.4%11.0%
  4.2%4.8%
  0.8%0.8%
  3.1%1.9%
  3.9%4.7%
  1.1%1.9%
  1.5%7.6%
  0.0%0.1%
  1.1%4.2%
  7.1%9.3%
  9.2%14.0%
  0.1%2.1%
  1.7%7.0%
  1.6%4.8%
  3.4%4.7%
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