Zip 38401 (Columbia, TN) Economy


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38401 Columbia, TN is a great area to live with a relatively lower cost of living than the national average. The two bedroom rent in 38401 Columbia is $1,070 compared to the US average which is $1,430. Similarly, the grocery cost index in this area is 98 compared to 100 in the US. Those looking for affordable housing can contact local companies like McLean Realty or Southern Living Real Estate for assistance with finding an apartment or house in this area. The median household income in 38401 Columbia is around $44,814 per year which means residents should have no trouble affording the lower rent prices here.

Columbia (zip 38401) has an unemployment rate of 5.6%. The US average is 6.0%.

Columbia (zip 38401) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 49.2%, which is higher than the US average of 33.5%.

Tax Rates for Columbia (zip 38401)
- The Sales Tax Rate for Columbia (zip 38401) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Columbia (zip 38401) 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 Columbia (zip 38401)
- The average income of a Columbia (zip 38401) resident is $22,674 a year. The US average is $28,555 a year.
- The Median household income of a Columbia (zip 38401) resident is $60,815 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColumbia, TennesseeUnited States
  5.66
  -5.8%-6.2%
  49.2%33.5%
  9.3%6.2%
  0.0%4.6%
  $31,859$37,638
  $60,815$69,021
  $72,895$85,028
  Population by Occupation
  0.2%1.2%
  0.2%0.5%
  8.4%6.8%
  16.1%10.0%
  1.5%2.5%
  11.6%11.0%
  4.9%4.8%
  0.5%0.8%
  1.5%1.9%
  4.5%4.7%
  1.6%1.9%
  4.3%7.6%
  0.2%0.1%
  4.2%4.2%
  5.7%9.3%
  15.9%14.0%
  1.0%2.1%
  6.8%7.0%
  6.6%4.8%
  4.3%4.7%
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