38063 Ripley, TN is a small town located in Lauderdale county. The cost of living is relatively low due to the two-bedroom rent being only $720. Grocery costs are even lower at 92 compared to the US average of 100. The local economy is primarily supported by industries including manufacturing and service businesses such as Bradley Companies and Shaw Industries, which produce electric motors and carpets respectively. Other notable employers in the area include Walmart Distribution Center, Dixie Packaging Corporation, Elkay Manufacturing Co., and Jackson State Community College. As well as providing employment opportunities, all these companies contribute significantly to the local economy. Despite its small size, 38063 Ripley TN has a good range of services available that cater to both local residents and visitors alike.
Ripley (zip 38063) has an unemployment rate of 6.6%. The US average is 6.0%.
Ripley (zip 38063) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Ripley (zip 38063)
- The Sales Tax Rate for Ripley (zip 38063) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Ripley (zip 38063) 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 Ripley (zip 38063)
- The average income of a Ripley (zip 38063) resident is $16,944 a year. The US average is $28,555 a year.
- The Median household income of a Ripley (zip 38063) resident is $43,362 a year. The US average is $69,021 a year.