38111 Memphis, TN is an exciting city with a population of 36,000. It offers affordable rent with the average 2 bedroom apartment costing $960, making it more budget-friendly than the US average of $1,430. The grocery cost index in 38111 Memphis, TN is 91 compared to the national average of 100. This makes it an attractive place to live for those who are looking to save money. Companies such as FedEx and AutoZone have their headquarters in 38111 Memphis, TN providing employment opportunities for local citizens. Additionally, there are multiple restaurants and entertainment venues that make this area enjoyable and lively.
Memphis (zip 38111) has an unemployment rate of 8.0%. The US average is 6.0%.
Memphis (zip 38111) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Memphis (zip 38111)
- The Sales Tax Rate for Memphis (zip 38111) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 38111) 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 Memphis (zip 38111)
- The average income of a Memphis (zip 38111) resident is $22,657 a year. The US average is $28,555 a year.
- The Median household income of a Memphis (zip 38111) resident is $41,428 a year. The US average is $69,021 a year.