The 2 bedroom rent of $1,090 in the area of 47143 Memphis, IN is much lower than the US median rate of $1,430. The cost of living index is also quite low at 97 compared to the national average of 100. This makes living in Memphis a great option for budget-conscious families looking to stretch their dollar without sacrificing too much on amenities.
Memphis is home to several notable companies such as DCM Manufacturing Inc., National Standard Products Inc., and C&T Industries Inc. These businesses contribute to the local economy and offer excellent job opportunities for those who are looking for employment in the area.
In conclusion, 47143 Memphis, IN offers its residents access to affordable housing and a relatively low cost of living index. The area also benefits from a variety of local companies that contribute to its economy while providing job opportunities for its citizens.
Memphis (zip 47143) has an unemployment rate of 4.4%. The US average is 6.0%.
Memphis (zip 47143) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Memphis (zip 47143)
- The Sales Tax Rate for Memphis (zip 47143) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 47143) is 5.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Memphis (zip 47143)
- The average income of a Memphis (zip 47143) resident is $34,202 a year. The US average is $37,638 a year.
- The Median household income of a Memphis (zip 47143) resident is $99,461 a year. The US average is $69,021 a year.