Munford, Tennessee (38058) is a small town located in the greater Memphis area. It's home to around 6,000 residents and offers those living there an affordable cost of living. The average two-bedroom rent is $1,100, significantly lower than the US average of $1,430. Additionally, the grocery cost index for Munford is also lower than the national average at 96 versus 100.
Living in Munford offers much more than just an affordable cost of living. Residents can take advantage of excellent local businesses such as Stokes & Sons General Store and Grocery which has been serving Munford since 1982 and offers a wide selection of homemade goods and groceries. For entertainment, visitors can take a trip to nearby Tipton County Museum where they can learn about the history and culture of the area or explore scenic outdoor spaces such as Atwood Lake Park which features 143 acres with camping sites, fishing lakes and walking trails.
Munford (zip 38058) has an unemployment rate of 5.2%. The US average is 6.0%.
Munford (zip 38058) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Munford (zip 38058)
- The Sales Tax Rate for Munford (zip 38058) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Munford (zip 38058) 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 Munford (zip 38058)
- The average income of a Munford (zip 38058) resident is $26,304 a year. The US average is $28,555 a year.
- The Median household income of a Munford (zip 38058) resident is $70,779 a year. The US average is $69,021 a year.