Sweetwater, TN is a small town located in East Tennessee. It has a population of about 5,500 people and offers a peaceful lifestyle. The cost of living in Sweetwater is lower than the national average, with rent for a two-bedroom being about $870 compared to the US average of $1,430. Grocery costs are also lower at 95 compared to the US index of 100. Sweetwater also has some great local businesses including Gallaher Brothers Lumber Company, Tate's Service Center, and Badger Diesel Repair & Performance Parts. Residents enjoy access to an affordable lifestyle while still having access to city-like amenities.
Sweetwater has an unemployment rate of 5.1%. The US average is 6.0%.
Sweetwater has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.
Tax Rates for Sweetwater
- The Sales Tax Rate for Sweetwater is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Sweetwater 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 Sweetwater
- The average income of a Sweetwater resident is $22,488 a year. The US average is $28,555 a year.
- The Median household income of a Sweetwater resident is $37,721 a year. The US average is $69,021 a year.