38047 Lenox, TN is a great place to live due to its affordable cost of living. The two bedroom rent in Lenox averages around $750, which is significantly lower than the US average of $1,430. Additionally, grocery costs are also relatively inexpensive with an index of 90 compared to 100 in the US. Local companies include Memphis Manufacturing and Distribution Company, Blackhawk Manufacturing, and Southern Metal Finishing Inc. Memphis Manufacturing and Distribution Company produces parts for industrial equipment while Blackhawk Manufacturing offers metal fabrication services. Southern Metal Finishing Inc specializes in electroplating services and coatings.
Lenox (zip 38047) has an unemployment rate of 5.8%. The US average is 6.0%.
Lenox (zip 38047) has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 22.7%, which is lower than the US average of 33.5%.
Tax Rates for Lenox (zip 38047)
- The Sales Tax Rate for Lenox (zip 38047) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Lenox (zip 38047) 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 Lenox (zip 38047)
- The average income of a Lenox (zip 38047) resident is $18,454 a year. The US average is $37,638 a year.
- The Median household income of a Lenox (zip 38047) resident is $55,000 a year. The US average is $69,021 a year.