38126 Memphis, TN is a well-known area of town known for its affordability. 2 Bedroom Rent in this area is $850, which is cheaper than the national average of $1,430. Additionally, Grocery Cost Index in this area is 91 as compared to the US average at 100. Because of its affordability and other benefits living in 38126 Memphis, TN has to offer, many local companies have set up shop here. Some of these include FedEx Express headquarters, Varsity Brands LLC., and International Paper Company. Each of these businesses offers unique job opportunities to residents of the area.
Memphis (zip 38126) has an unemployment rate of 8.0%. The US average is 6.0%.
Memphis (zip 38126) 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 38126)
- The Sales Tax Rate for Memphis (zip 38126) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 38126) 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 38126)
- The average income of a Memphis (zip 38126) resident is $15,086 a year. The US average is $37,638 a year.
- The Median household income of a Memphis (zip 38126) resident is $16,112 a year. The US average is $69,021 a year.