Rockwood, TN is a small city located in the heart of Tennessee. It is known for its charming downtown, abundant job opportunities, and affordable housing. The average two-bedroom rent in Rockwood is $890, which is much cheaper than the US average of $1,430. In addition to lower rental costs, living in Rockwood can also be more affordable when it comes to groceries. The Grocery Cost Index in Rockwood is 94 compared to 100 in the US on average. Local companies such as Walmart Supercenter, Publix Super Markets Inc., and Food City offer great deals that make stocking up on groceries even more budget-friendly.
Rockwood has an unemployment rate of 5.5%. The US average is 6.0%.
Rockwood has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Rockwood
- The Sales Tax Rate for Rockwood is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Rockwood 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 Rockwood
- The average income of a Rockwood resident is $16,596 a year. The US average is $28,555 a year.
- The Median household income of a Rockwood resident is $37,456 a year. The US average is $69,021 a year.