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2024 Compare Cities Economy:
Loretto, TN vs Palmetto, FL

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Highlights
- Household income in Palmetto, is 6% more than it is in Loretto and is 36% below the National Average.
- Loretto unemployment rate is 5.1%.
- Palmetto unemployment rate is 4.4%.

Economy
 Loretto, TNPalmetto, FLUnited States
 Unemployment Rate5.1%4.4%6.0%
 Recent Job Growth1.5%2.4%1.6%
 Future Job Growth32.5%45.1%33.5%
 Sales Taxes9.8%7.0%6.2%
 Income Taxes0.0%0.0%4.6%
 Income per Cap.$25,602$29,252$37,638
 Household Income$47,933$50,762$69,021
 Family Median Income$56,500$58,996$85,028
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 Est. Households By Income
 Loretto, TNPalmetto, FLUnited States
 Income Less Than 15K9.6%12.7%9.4%
 Income between 15K and 20K4.3%4.5%3.8%
 Income between 20K and 30K18.4%10.9%8.1%
 Income between 30K and 40K7.7%8.9%8.0%
 Income between 40K and 50K13.1%12.3%7.6%
 Income between 50K and 60K10.0%10.1%7.2%
 Income between 60K and 75K7.8%8.4%9.6%
 Income between 75K and 100K12.4%10.8%12.8%
 Income between 100K and 150K11.8%11.7%16.3%
 Income between 150K and 200K4.0%3.1%7.8%
 Income greater than 200K0.9%6.4%9.5%
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 Population By Occupation
 Loretto, TNPalmetto, FLUnited States
 Management, business, finance12.5%13.4%16.4%
 Engineering, computers, science4.1%2.0%6.5%
 Community, social services0.8%2.0%1.8%
 Legal0.0%1.0%1.2%
 Education, library9.9%7.5%6.2%
 Arts, design, media, sports, entertainment1.5%3.3%2.0%
 Healthcare practitioners and technology12.0%2.0%6.2%
 Healthcare support3.4%2.5%3.3%
 Firefighters, law enforcement0.9%4.8%2.1%
 Food preparation, serving4.7%5.8%5.4%
 Building maintenance1.5%5.4%3.6%
 Personal care1.1%2.2%2.6%
 Sales, office, administrative support14.9%20.5%20.9%
 Farming, fishing, forestry0.0%3.1%0.6%
 Construction, extraction, maintenance/repair9.1%12.5%8.1%
 Production, transportation, material moving23.6%11.9%13.1%

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Reviews for Loretto    0 Reviews

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Reviews for Palmetto    3 Reviews

Over 13 years ago

Best bet for Florida living is newer bedroom communities. Closer to inland parks for canoe and kayak, but a quick drive to the shore. There's not a safe city in the  More

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I am a 40yr old single female who moved to Palmetto about 6 years ago. Since I have been here, I have seen the change in the town. Despite a bad economy, Palmetto  More

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Over 17 years ago

My husband and I are moving from this area because the schools are more than poor. With almost no after school activites or diverse educational choices. If you child  More

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ZIPS IN LORETTO, TENNESSEE
38469
ZIPS IN PALMETTO, FLORIDA
34221

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