Liberty, TN is a small city located in the southern part of the state. It is home to many businesses, such as Liberty Motors, a car dealership that offers brand new and pre-owned vehicles for sale; Southern Sawmill Solutions, a sawmill services business; and Liberty Communications Solutions, an IT support company. Along with these businesses, Liberty also has an affordable cost of living. According to data, the average rent for two bedroom apartments in Liberty is $1120 compared to $1430 in the US. The grocery cost index in Liberty is 95 versus 100 nationally. With these low costs combined with a variety of businesses, Liberty makes it an ideal place for people looking to relocate or start a business.
Liberty has an unemployment rate of 6.0%. The US average is 6.0%.
Liberty has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 43.1%, which is higher than the US average of 33.5%.
Tax Rates for Liberty
- The Sales Tax Rate for Liberty is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Liberty 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 Liberty
- The average income of a Liberty resident is $16,451 a year. The US average is $28,555 a year.
- The Median household income of a Liberty resident is $53,977 a year. The US average is $69,021 a year.