Chesterfield, TN is a great place to live with an average 2 bedroom rent of $950. This rent is significantly cheaper than the US average of $1,430. The cost of groceries in Chesterfield is also lower compared to the national average; 93 versus 100. Although it may not be as large as some other cities, Chesterfield offers many local companies and attractions for residents. Some popular companies based in Chesterfield include Smoky Mountain Wood Carvers, Ball Innovations, and Southern Timberworks. Popular attractions include the Cherokee National Forest and the Frozen Head State Park which offer plenty of outdoor activities for visitors. Additionally, there are also several restaurants and shops located throughout the town.
Chesterfield has an unemployment rate of 5.2%. The US average is 6.0%.
Chesterfield has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Chesterfield
- The Sales Tax Rate for Chesterfield is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Chesterfield 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 Chesterfield
- The average income of a Chesterfield resident is $20,361 a year. The US average is $28,555 a year.
- The Median household income of a Chesterfield resident is $53,250 a year. The US average is $69,021 a year.