Memphis, MO is a great city to call home. With a population of 63555, it offers plenty of options for anyone looking to live life on their own terms. Rent in Memphis is affordable at just $730 for a two bedroom place, which is over $700 cheaper than the national average of $1,430. Food costs are also more manageable than elsewhere in the US, with a grocery cost index of 93 compared to the US average of 100.
Living in Memphis has its perks too - there are many local companies that offer employment opportunities. Popular employers include Union Pacific Railroad Company, Walmart Supercenter Stores, Schnucks Markets Inc., Saint Johns Mercy Hospital, and St Louis County Police Department. It's also easy to get around as public transportation can take you almost everywhere! All these factors combined make Memphis an attractive choice for anyone looking to relocate or start anew. The cost of living here is significantly lower than other cities across America so it’s worth considering if you’re thinking about moving somewhere new.
Memphis (zip 63555) has an unemployment rate of 2.4%. The US average is 6.0%.
Memphis (zip 63555) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Memphis (zip 63555)
- The Sales Tax Rate for Memphis (zip 63555) is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 63555) is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Memphis (zip 63555)
- The average income of a Memphis (zip 63555) resident is $26,221 a year. The US average is $37,638 a year.
- The Median household income of a Memphis (zip 63555) resident is $48,538 a year. The US average is $69,021 a year.