Benton, Tennessee is a small town located in the northwestern corner of the state. With its low population and affordable living costs, it's an attractive option for those looking to relocate. The average two bedroom rent in Benton is $840, much lower than the US average of around $1,430. Additionally, grocery costs are about 95 compared to the US average of 100. This makes Benton a great place for those who want to save money but still enjoy all that Tennessee has to offer. The town has many local companies like Wal-Mart, Dollar General and Kroger that offer competitive prices on everyday items. There are also plenty of restaurants and coffee shops for residents to explore and enjoy their time in this beautiful city.
Benton has an unemployment rate of 5.2%. The US average is 6.0%.
Benton has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 32.9%, which is lower than the US average of 33.5%.
Tax Rates for Benton
- The Sales Tax Rate for Benton is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Benton 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 Benton
- The average income of a Benton resident is $16,053 a year. The US average is $28,555 a year.
- The Median household income of a Benton resident is $39,474 a year. The US average is $69,021 a year.