The city of Humboldt, TN has a population of 38,343 residents and is located in West Tennessee. It offers affordable housing with an average 2 bedroom rent of $750 compared to the national average of $1,430. The grocery cost index in Humboldt is 92 which is 8 points lower than the US average. This has made living in Humboldt significantly more affordable for families and individuals over the years.
Humboldt offers quality services through its locally owned businesses such as Sweet Magnolia’s Boutique & Gifts, Yarbrough Pharmacy, Murley Computer Services, First State Bank, Peddler’s Bar-B-Que and many other local companies. These businesses provide valuable goods and services to the citizens making life easier day by day.
The cost of living in Humboldt is very attractive for those looking for an affordable place to settle down without sacrificing lifestyle or quality service from local stores. With low rent prices and grocery costs combined with all that Humboldt has to offer makes it one of the best places to live in West Tennessee.
Humboldt (zip 38343) has an unemployment rate of 5.1%. The US average is 6.0%.
Humboldt (zip 38343) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Humboldt (zip 38343)
- The Sales Tax Rate for Humboldt (zip 38343) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Humboldt (zip 38343) 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 Humboldt (zip 38343)
- The average income of a Humboldt (zip 38343) resident is $21,224 a year. The US average is $28,555 a year.
- The Median household income of a Humboldt (zip 38343) resident is $44,192 a year. The US average is $69,021 a year.