38125 Memphis, TN is an area with a relatively low cost of living compared to the US average. The median two bedroom rent in this area is $1,290, while the US average for two bedroom rent is $1,430. Additionally, the grocery cost index in 38125 Memphis, TN is 97 compared to the US average of 100. Local companies in the 38125 Memphis, TN area include FedEx Corporation, International Paper Company and Autozone Inc., all headquartered within the city limits of Memphis. Other notable businesses located in this area are AutoZone Park baseball stadium and Beale Street.
Memphis (zip 38125) has an unemployment rate of 8.0%. The US average is 6.0%.
Memphis (zip 38125) 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 38125)
- The Sales Tax Rate for Memphis (zip 38125) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 38125) 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 38125)
- The average income of a Memphis (zip 38125) resident is $28,111 a year. The US average is $28,555 a year.
- The Median household income of a Memphis (zip 38125) resident is $74,425 a year. The US average is $69,021 a year.