38363 Parsons, Tennessee is a small city located in Decatur County. It consists of a population of 1,533 people according to the 2019 census, making it a small but cozy city for families looking for an affordable cost of living. The 2-bedroom rent in Parsons is $720 compared to the national average of $1,430. Grocery costs are also much lower in 38363 Parsons; with a grocery cost index of 92 versus 100 nationally. This demonstrates that living expenses in Parsons are significantly cheaper than those around the US.
Several local businesses have been established and thrive within 38363 Parsons such as The Family Dollar Store which has been open since 2014 as well as The Daycare Center which provides an essential service for working parents in town. There’s also B & B Plumbing Services for all your plumbing needs or if you’re looking to spice up your wardrobe then visit Mimi's Boutique which opened its doors in 2016.
Overall, 38363 Parsons is an ideal location for those looking to save money on their living expenses without sacrificing quality services or entertainment options nearby. From groceries and rent to local business services - everything comes at a much more affordable price than what you would find throughout the rest of America.
Parsons (zip 38363) has an unemployment rate of 6.9%. The US average is 6.0%.
Parsons (zip 38363) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Parsons (zip 38363)
- The Sales Tax Rate for Parsons (zip 38363) is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Parsons (zip 38363) 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 Parsons (zip 38363)
- The average income of a Parsons (zip 38363) resident is $21,495 a year. The US average is $28,555 a year.
- The Median household income of a Parsons (zip 38363) resident is $40,446 a year. The US average is $69,021 a year.