48041 Memphis, MI is a small town located in Macomb County, Michigan. It is a great place to live and offers plenty of amenities for its residents. Average two bedroom rent cost is $1,000, which is below the US average of $1,430. The Grocery Cost Index in Memphis is 96 versus the US index at 100, making it an affordable option for groceries as well. Local companies within the area include Phoenix Manufacturing Solutions Inc., Southfield Dental PLLC, Baumhardt Landscaping & Lawn Care LLC, Bangs Automotive & Performance Inc., and PRT Services Inc. All of these businesses provide services unique to their respective industries and offer quality products and services that help keep Memphis running smoothly.
Memphis (zip 48041) has an unemployment rate of 4.5%. The US average is 6.0%.
Memphis (zip 48041) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Memphis (zip 48041)
- The Sales Tax Rate for Memphis (zip 48041) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 48041) is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Memphis (zip 48041)
- The average income of a Memphis (zip 48041) resident is $24,748 a year. The US average is $28,555 a year.
- The Median household income of a Memphis (zip 48041) resident is $90,906 a year. The US average is $69,021 a year.