38141 Memphis, TN is a great place to live for those who are looking for an affordable cost of living. The average 2 bedroom rent in 38141 Memphis, TN is $1,310 while the US average is $1,430. In addition to the cost of housing being more affordable than the national average, grocery costs in 38141 are lower as well with an index of 94 compared to 100 nationwide. There are many local companies located in 38141 Memphis such as FedEx Corporation, Autozone Inc., International Paper Company, and ServiceMaster Global Holdings Inc. Each of these companies offer great opportunities for employment and participate in fostering economic growth within the city.
Memphis (zip 38141) has an unemployment rate of 8.0%. The US average is 6.0%.
Memphis (zip 38141) 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 38141)
- The Sales Tax Rate for Memphis (zip 38141) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Memphis (zip 38141) 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 38141)
- The average income of a Memphis (zip 38141) resident is $24,756 a year. The US average is $37,638 a year.
- The Median household income of a Memphis (zip 38141) resident is $57,393 a year. The US average is $69,021 a year.