Camden, TN is a small town in Tennessee with a population of around 5,000 people. The cost of living in Camden is significantly lower than the US average. For example, the average rent for a two bedroom apartment is $760 compared to $1,430 nationally. Additionally, grocery costs index at 93 versus 100 nationally. This makes Camden an affordable place to live.
The local economy in Camden consists of small businesses like C&L Farms, McRae’s Market, and RK Chiropractic Care Inc. Additionally, there are several farms that produce soybeans and cotton which provide employment opportunities for many residents in the area.
In conclusion, Camden offers its residents an affordable cost of living and a variety of local businesses to support the community with goods and services.
Camden has an unemployment rate of 6.3%. The US average is 6.0%.
Camden has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Camden
- The Sales Tax Rate for Camden is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Camden 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 Camden
- The average income of a Camden resident is $17,486 a year. The US average is $28,555 a year.
- The Median household income of a Camden resident is $34,230 a year. The US average is $69,021 a year.