Ridgely, TN is a great place to live for those looking for an affordable lifestyle. With two bedroom rent at only $690 compared to the US average of $1,430, Ridgely offers an economical housing option in Tennessee. The cost of groceries is also lower than the national average with an index rating of 92 compared to 100 in the US. The town provides many local businesses to support its residents including educational establishments like the University of Tennessee at Martin and Bethel University, as well as several restaurants, shops and entertainment venues. Residents enjoy living close to nature with parks such as Reelfoot Lake State Park located nearby. Whether you are looking for a new home or just visiting for a short time, Ridgely can offer you an excellent quality of life without breaking the bank.
Ridgely has an unemployment rate of 8.9%. The US average is 6.0%.
Ridgely has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 14.6%, which is lower than the US average of 33.5%.
Tax Rates for Ridgely
- The Sales Tax Rate for Ridgely is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Ridgely 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 Ridgely
- The average income of a Ridgely resident is $16,430 a year. The US average is $28,555 a year.
- The Median household income of a Ridgely resident is $33,469 a year. The US average is $69,021 a year.