Fayette, TN County is a desirable place to live, with two bedroom rent being lower than the national average. It is also known for its low cost of groceries, as the Grocery Cost Index in Fayette County is 98 compared to 100 in the US. This makes it an attractive option for people who are looking for more affordable living arrangements.
The county has several businesses that provide local jobs and services to its residents. These include some well-known companies such as Walmart, Lowe’s Home Improvement, Kroger grocery stores, CVS Pharmacy, and AutoZone auto parts store. All these companies offer great customer service and competitive prices that make them popular among locals. Walmart offers an extensive selection of products at low prices while Lowe’s provides a wide selection of home improvement items. Kroger is one of the largest grocery store chains in Tennessee offering fresh produce at discounted prices. CVS Pharmacy has a wide variety of over-the-counter medications and health care products while AutoZone provides quality car parts at reasonable prices. These popular businesses help keep Fayette County running smoothly by providing essential services to its residents.
Fayette County has an unemployment rate of 4.9%. The US average is 6.0%.
Fayette County has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Fayette County
- The Sales Tax Rate for Fayette County is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Fayette County 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 Fayette County
- The average income of a Fayette County resident is $28,946 a year. The US average is $28,555 a year.
- The Median household income of a Fayette County resident is $69,729 a year. The US average is $69,021 a year.