Jellico, TN is a small city located in northern Tennessee with a friendly atmosphere and plenty of local businesses to visit. The cost of living in Jellico is much lower than the national average, making it attractive to those seeking an affordable place to call home. A two bedroom rental costs $770 compared to the US average at $1,430, while the grocery cost index is 91 versus 100 in the US. Local businesses include Jellico Pharmacy, which offers prescription medications and over-the-counter products; There’s Jellico Market where you can find a variety of fresh produce and other necessities; Big G’s Pawnshop for your pawning needs; and B&B Auto Sales for all your automotive needs. These business provide convenient access to goods and services which allows locals to save money on their everyday living expenses.
Jellico has an unemployment rate of 6.4%. The US average is 6.0%.
Jellico has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Jellico
- The Sales Tax Rate for Jellico is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Jellico 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 Jellico
- The average income of a Jellico resident is $15,229 a year. The US average is $28,555 a year.
- The Median household income of a Jellico resident is $32,745 a year. The US average is $69,021 a year.