The city of Memphis, TN (zip code 38115) offers an affordable living experience with a two bedroom rent at $1,040 compared to the nationwide average of $1,430. Additionally, grocery costs are lower in Memphis when compared to the national index given its score of 94 versus 100 nationally. This city is home to several well-known companies such as FedEx Global Supply Chain Solutions, St. Jude Children’s Research Hospital, and ServiceMaster. Additionally, the local business scene is bustling with entrepreneurial start-ups like The Popcorn Store and Kimbal Musk's Square Roots Farms. Whether you are looking for a large corporate job or a small business opportunity, Memphis has something for everyone!
Memphis (zip 38115) has an unemployment rate of 8.0%. The US average is 6.0%.
Memphis (zip 38115) has seen the job market decrease by -5.9% 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 38115)
- The Sales Tax Rate for Memphis (zip 38115) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 38115) 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 38115)
- The average income of a Memphis (zip 38115) resident is $20,860 a year. The US average is $37,638 a year.
- The Median household income of a Memphis (zip 38115) resident is $35,900 a year. The US average is $69,021 a year.