Riceville, Tennessee is a small town that provides a low cost of living. The average rent for a two bedroom apartment is $790 in Riceville, TN compared to the US average of $1,430. Additionally, the Grocery Cost Index in Riceville is 97 compared to 100 on average in the US. Several local companies have been successful in Riceville such as Gibson's Auto Body Shop and G&D Appliance Repair. The cost of living in Riceville is much lower than in other parts of the country, making it an attractive place to live for those looking for affordability without compromising quality or services.
Riceville has an unemployment rate of 5.3%. The US average is 6.0%.
Riceville has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Riceville
- The Sales Tax Rate for Riceville is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Riceville 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 Riceville
- The average income of a Riceville resident is $21,143 a year. The US average is $28,555 a year.
- The Median household income of a Riceville resident is $57,564 a year. The US average is $69,021 a year.