The town of 38131 Memphis, TN is an affordable place to live with a 2 bedroom rent of $1,040 compared to the US average of $1,430. Grocery costs are also relatively lower in this area with a Groceries index score of 95 compared to the national average of 100. Companies like Kroger and Aldi provide quality provisions at reasonable prices while Sam's Club offers great discounts on bulk purchases. The local hardware store, Lowe's, has excellent deals on home improvement materials. Other notable companies in the area include Walmart Supercenter and Target which offer competitive prices and a wide selection of products.