Alcoa, TN is a vibrant city located in Blount County. It is home to a diverse population of people who enjoy the many activities the city has to offer. A notable local company in Alcoa is Alcoa Corporation, a manufacturing firm that produces aluminum products. Another major employer in Alcoa is Food City which offers grocery items at competitive prices. According to recent statistics, The US 2 Bedroom Rent is $1,430 while 2 Bedroom Rent in Alcoa, TN is $1,070. Additionally, the Grocery Cost Index in Alcoa, TN is 96 versus 100 in the US. These lower costs make Alcoa an attractive place for people looking for affordable housing and basic necessities.
Alcoa has an unemployment rate of 4.7%. The US average is 6.0%.
Alcoa has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Alcoa
- The Sales Tax Rate for Alcoa is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Alcoa 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 Alcoa
- The average income of a Alcoa resident is $20,632 a year. The US average is $28,555 a year.
- The Median household income of a Alcoa resident is $55,440 a year. The US average is $69,021 a year.