38468 Leoma, Tennessee is a small rural town located in Lawrence County. The town has an estimated population of just over 300 people. Despite its small size, the area is full of local businesses and institutions that provide essential services to the community. Two bedroom rent in the area is much lower than it is across the country, at $780 compared to $1,430 in the US on average. Additionally, groceries cost index in Leoma is 94 versus 100 in the US. In Leoma, residents can enjoy shopping at nearby stores such as Food City Supermarket and Dollar General Discount Store. There are also a variety of local businesses such as Riverside Grocery Hardware & Farm Supply and Proffitts Diner that offer goods and services to locals. Other important institutions include churches like Calvary Baptist Church and schools such as Loretto Elementary School. All these companies and institutions make 38468 Leoma an attractive place to live for families seeking a quieter lifestyle with more affordable living costs.
Leoma (zip 38468) has an unemployment rate of 5.1%. The US average is 6.0%.
Leoma (zip 38468) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Leoma (zip 38468)
- The Sales Tax Rate for Leoma (zip 38468) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Leoma (zip 38468) 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 Leoma (zip 38468)
- The average income of a Leoma (zip 38468) resident is $19,760 a year. The US average is $28,555 a year.
- The Median household income of a Leoma (zip 38468) resident is $56,058 a year. The US average is $69,021 a year.