Greenback, TN is a small town just outside of Knoxville. It has a historic charm and is a great place to live for those who want to escape city life but still be close enough to enjoy the amenities of a big city. The cost of living in Greenback is relatively low, with monthly rent for two-bedroom apartments costing around $1,010 compared to the US average of $1,430. Additionally, groceries are substantially cheaper than the national average, with an index score of 99 versus the US at 100. The local economy is driven by several small businesses such as White’s Grocery, Peters Air Conditioning & Heating and Greenback Pharmacy. Overall, Greenback is an affordable town with plenty of local business opportunities for its residents.
Greenback has an unemployment rate of 4.6%. The US average is 6.0%.
Greenback has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Greenback
- The Sales Tax Rate for Greenback is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Greenback 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 Greenback
- The average income of a Greenback resident is $28,776 a year. The US average is $28,555 a year.
- The Median household income of a Greenback resident is $88,500 a year. The US average is $69,021 a year.