Harrison, TN is a great place to live for those who want an inexpensive home. The median 2-bedroom rent in Harrison is nearly $300 cheaper than the US average. This makes it extremely desirable for those looking to save money on housing costs. In addition to affordable rent, Harrison has a lower Grocery Cost Index than the US, making food and other groceries more affordable as well.
The town of Harrison boasts many local companies that contribute to the economic strength of the area. These include major employers such as Electrolux Home Products, Komatsu Forklift Manufacturing Company, and Nucor Steel Decatur. With these industries providing jobs for local citizens, it's easy to see why Harrison has become an attractive place to settle down.
Overall, Harrison is an excellent option for those seeking affordability while still maintaining a decent quality of life. Its lower housing costs and grocery prices make it competitive with many other towns in Tennessee and beyond. Despite having a slightly lower population than the rest of the state, its businesses continue to provide a vibrant economy that will carry Harrison into the future.
Harrison has an unemployment rate of 4.8%. The US average is 6.0%.
Harrison has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Harrison
- The Sales Tax Rate for Harrison is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Harrison 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 Harrison
- The average income of a Harrison resident is $28,843 a year. The US average is $28,555 a year.
- The Median household income of a Harrison resident is $76,198 a year. The US average is $69,021 a year.