Munford, TN is a small town located in Tipton County. It is known for its low cost of living, offering an affordable 2 bedroom rent of only $1,100 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Munford is 96 relative to 100 in the US. The town has a strong sense of community and is home to many local businesses such as Skyline Industries, Corley's Pharmacy, and Big Daddy's Barbeque. For those looking to further their education, there are several schools nearby such as Munford High School and Bradford School of Business.
Munford has an unemployment rate of 5.2%. The US average is 6.0%.
Munford has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.2%, which is higher than the US average of 33.5%.
Tax Rates for Munford
- The Sales Tax Rate for Munford is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Munford 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 Munford
- The average income of a Munford resident is $24,783 a year. The US average is $28,555 a year.
- The Median household income of a Munford resident is $77,420 a year. The US average is $69,021 a year.