Chattanooga, TN is a vibrant city with plenty of amenities and attractions for residents. The cost of living is quite affordable, with an average two-bed room rent of $1,150 compared to the U.S. average of $1,430. Additionally, the grocery cost index in Chattanooga is 97 compared to 100 in the US. This makes groceries more affordable for residents here than other places around the country. With its Southern charm and modern atmosphere, Chattanooga has become a popular destination for businesses and people alike. Top local employers include Amazon Fulfillment Centers, Volkswagen Group of America Manufacturing Plant, Unum Group Insurance Company and BlueCross BlueShield Tennessee Health Insurance Company - all providing numerous job opportunities for people living in Chattanooga.
Chattanooga has an unemployment rate of 5.6%. The US average is 6.0%.
Chattanooga has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 44.5%, which is higher than the US average of 33.5%.
Tax Rates for Chattanooga
- The Sales Tax Rate for Chattanooga is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Chattanooga 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 Chattanooga
- The average income of a Chattanooga resident is $24,134 a year. The US average is $28,555 a year.
- The Median household income of a Chattanooga resident is $50,437 a year. The US average is $69,021 a year.