Selmer, TN, with a population of 38375 according to the 2018 US Census estimate is an ideal place to call home. The average 2 bedroom rental cost in Selmer is $730 per month making it one of the most affordable places to live in Tennessee. Additionally, the grocery cost index is lower at 92 compared to the national index of 100 which means groceries are more affordable here than other parts of the country.
The town has numerous amenities and small businesses that make living here even more enjoyable. The local stores such as Selmer Hardware, Pharmacy Plus, Red Barn Flea Market and many more provide convenience and great choices for their customers. There are various restaurants to choose from like Los Toritos Mexican Restaurant and Blue Water Grill for those who enjoy good food. For recreation, there are several parks including one with a disc golf course, recreational center, tennis courts and walking track. All in all, Selmer provides an affordably priced home with plenty of local shops and dining options for locals to enjoy.
Selmer (zip 38375) has an unemployment rate of 7.4%. The US average is 6.0%.
Selmer (zip 38375) has seen the job market decrease by -1.4% 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 (zip 38375)
- The Sales Tax Rate for Selmer (zip 38375) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Selmer (zip 38375) 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 (zip 38375)
- The average income of a Selmer (zip 38375) resident is $15,425 a year. The US average is $28,555 a year.
- The Median household income of a Selmer (zip 38375) resident is $36,919 a year. The US average is $69,021 a year.