38240 Obion, TN is a small town located in the northwest corner of Tennessee. It has a population of approximately 2,336 and is known for its rural charm. Rent for a two-bedroom apartment in Obion is $750 per month, lower than the US average of $1,430. Additionally, the Grocery Cost Index (GCI) in Obion is 88 versus a national index of 100. Inside 38240 Obion, TN there are numerous local businesses including The Hill Bar & Grill, Big John's BBQ & Grill, Broadway Tire & Auto Service Center and Bank of Obion. These companies are reliable sources of employment for those who live in 38240 Obion, TN and provide excellent services to the community.
Obion (zip 38240) has an unemployment rate of 6.1%. The US average is 6.0%.
Obion (zip 38240) has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Obion (zip 38240)
- The Sales Tax Rate for Obion (zip 38240) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Obion (zip 38240) 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 Obion (zip 38240)
- The average income of a Obion (zip 38240) resident is $30,106 a year. The US average is $37,638 a year.
- The Median household income of a Obion (zip 38240) resident is $52,620 a year. The US average is $69,021 a year.