Helenwood, TN is a small town located in eastern Tennessee. It is known for its affordable living costs, with the average two-bedroom rental rate of $760 being significantly cheaper than the national average of $1,430. Additionally, grocery cost index in Helenwood is 93 compared to 100 in the US. The lower cost of living has attracted many households looking for a more affordable lifestyle. Local companies include First Bank & Trust Company, Citizens Bank & Trust, and Premier Home Mortgage Inc., which offer financial services to residents. There are also several family-owned businesses such as a hardware store, gas station/convenience store, and auto repair shop that provide goods and services to locals. The difference between Helenwood and the US is clear; while most of America faces an aggressive market with rising prices, Helenwood offers a much more economically friendly atmosphere for its citizens.
Helenwood has an unemployment rate of 6.5%. The US average is 6.0%.
Helenwood 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 41.1%, which is higher than the US average of 33.5%.
Tax Rates for Helenwood
- The Sales Tax Rate for Helenwood is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Helenwood 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 Helenwood
- The average income of a Helenwood resident is $17,015 a year. The US average is $28,555 a year.
- The Median household income of a Helenwood resident is $28,663 a year. The US average is $69,021 a year.