Union City, TN is an attractive place for families and individuals to live due to its low cost of living. The average two bedroom rent is $760 which is substantially lower than the US average of $1,430. Additionally, the grocery cost index in Union City, TN is 90 versus 100 in the US which further adds to its appeal for those looking to save money. This affordability makes Union City a great option for companies that are looking to develop their workforce at a lower cost. Companies such as Masonite International Corporation, Dura Automotive Systems LLC, Olgoonik Technical Services LLC are some local businesses that could benefit from this low cost of living environment.
Union City has an unemployment rate of 6.1%. The US average is 6.0%.
Union City has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 23.2%, which is lower than the US average of 33.5%.
Tax Rates for Union City
- The Sales Tax Rate for Union City is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Union City 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 Union City
- The average income of a Union City resident is $22,163 a year. The US average is $28,555 a year.
- The Median household income of a Union City resident is $36,042 a year. The US average is $69,021 a year.