Lawrenceburg, TN is a small city located in southwestern Tennessee with a population of 11,338 as of 2018. The cost of living in Lawrenceburg is quite low compared to the national average; for instance, the median rent for a two-bedroom apartment is $780 while the national average is $1,430. Similarly, the Grocery Cost Index in Lawrenceburg is 93 versus 100 in the US. \nThe city's economy is mainly driven by tourism and manufacturing industries. Some major businesses include Cracker Barrel Old Country Store Inc., Lawrenceburg Energy Systems, Union Carbide Corporation, Carlex Glass Co., and RockTenn Company. These companies provide employment opportunities to locals and contribute significantly to its local economy. With an affordable cost of living and many employment opportunities available, it's no wonder why people are drawn to Lawrenceburg!
Lawrenceburg has an unemployment rate of 5.1%. The US average is 6.0%.
Lawrenceburg has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Lawrenceburg
- The Sales Tax Rate for Lawrenceburg is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Lawrenceburg 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 Lawrenceburg
- The average income of a Lawrenceburg resident is $17,166 a year. The US average is $28,555 a year.
- The Median household income of a Lawrenceburg resident is $33,463 a year. The US average is $69,021 a year.