Gadsden, TN is a small town located in west Tennessee. Despite its size, Gadsden has a lot to offer its residents. The cost of living in this area is lower than the US average, with 2 bedroom rent being only $860 per month compared to the national average of $1,430. Additionally, groceries are also more affordable in Gadsden as evidenced by their grocery cost index of 91 (US average 100). Not only that, but Gadsden is home to several local businesses and attractions ranging from restaurants such as Pizza Perfect to outdoor fun spots like Warriors Path State Park. With so much to offer at an affordable price tag, Gadsden makes for an ideal place for someone looking for a low cost of living while still having plenty of activities to enjoy.
Gadsden has an unemployment rate of 5.0%. The US average is 6.0%.
Gadsden has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Gadsden
- The Sales Tax Rate for Gadsden is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Gadsden 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 Gadsden
- The average income of a Gadsden resident is $17,507 a year. The US average is $28,555 a year.
- The Median household income of a Gadsden resident is $46,302 a year. The US average is $69,021 a year.