38112 Memphis, TN is a vibrant area located in the heart of the city. It is home to many local businesses such as Memphis Heritage Co., an apparel company specializing in vintage clothing, and The Growler, a craft beer store. There are also many popular restaurants like Gus' Fried Chicken and Blues City Cafe, as well as attractions like the National Civil Rights Museum and Sun Studio. The 2 Bedroom Rent in 38112 Memphis, TN is $930 per month while the US average rent for a 2-bedroom unit is $1,430. Additionally, grocery cost index for this area is 90 compared to 100 in the US - making it an affordable choice for those looking to move or visit.
Memphis (zip 38112) has an unemployment rate of 8.0%. The US average is 6.0%.
Memphis (zip 38112) 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 38112)
- The Sales Tax Rate for Memphis (zip 38112) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 38112) 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 38112)
- The average income of a Memphis (zip 38112) resident is $21,239 a year. The US average is $28,555 a year.
- The Median household income of a Memphis (zip 38112) resident is $43,013 a year. The US average is $69,021 a year.