Carthage, Tennessee is an excellent option for those looking for a place to call home. The town is close to many big cities such as Nashville and Chattanooga, while still providing the small-town atmosphere that many people crave. It also offers affordable living, with two-bedroom rent in Carthage averaging only $750 per month, which is far less than the US average of $1,430. Additionally, grocery costs are significantly lower in Carthage with the Grocery Cost Index coming at 95 compared to 100 nationwide.
Carthage boasts a variety of locally owned businesses and restaurants including Ruth & Ranshaw Paints & Supplies Inc., Jones Jewelers, and Royal Café. With its good schools and growing economy, Carthage offers something for everyone. Whether it's the affordable housing prices or the local charm that draws you in, Carthage is sure to have something for you!
Carthage has an unemployment rate of 4.6%. The US average is 6.0%.
Carthage has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 47.4%, which is higher than the US average of 33.5%.
Tax Rates for Carthage
- The Sales Tax Rate for Carthage is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Carthage 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 Carthage
- The average income of a Carthage resident is $18,574 a year. The US average is $28,555 a year.
- The Median household income of a Carthage resident is $45,179 a year. The US average is $69,021 a year.