Medon, TN is an affordable city to live in with a 2 bedroom rent of $780. This is much lower than the average 2 bedroom rent in the US which is $1,430. Grocery costs are also significantly lower in Medon than the national average with an index of 92 as opposed to 100 nationally. Medon offers a variety of local businesses and amenities that make living in this area enjoyable. Local companies include Medon Business Park, Medon Financial Services, and Merton Motors. Amenities include family friendly parks such as Alina Park and Waco Valley Golf Course, locals restaurants such as Café LaVinee and The Mill Café, and shopping centers like Evergreen Shopping Center.
Medon has an unemployment rate of 5.1%. The US average is 6.0%.
Medon has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 40.4%, which is higher than the US average of 33.5%.
Tax Rates for Medon
- The Sales Tax Rate for Medon is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Medon 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 Medon
- The average income of a Medon resident is $17,701 a year. The US average is $28,555 a year.
- The Median household income of a Medon resident is $63,750 a year. The US average is $69,021 a year.