Tennessee Ridge, TN is a small town nestled in the hills of Middle Tennessee with a diverse population and thriving local economy. Local businesses such as Tennessee Ridge Mechanical, Carmelia Creek Farms, and Ridge Road Memorials are just a few of the many companies contributing to local growth. The cost of living in Tennessee Ridge is relatively low; two bedroom rent is only $920 compared to the US average of $1,430. Groceries also come at a lower cost here with an index rating of 92 compared to 100 nationally. In addition to economic opportunities, there are plenty of recreational activities available for residents to enjoy in their free time. Popular activities include kayaking on Duck River, camping at Tennessee Ridge Recreation Area, and hiking along scenic trails like Henry Horton State Park. With its low cost of living and rich history and culture, Tennessee Ridge provides a great atmosphere for both business owners and citizens alike!
Tennessee Ridge has an unemployment rate of 7.1%. The US average is 6.0%.
Tennessee Ridge has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Tennessee Ridge
- The Sales Tax Rate for Tennessee Ridge is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Tennessee Ridge 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 Tennessee Ridge
- The average income of a Tennessee Ridge resident is $19,963 a year. The US average is $28,555 a year.
- The Median household income of a Tennessee Ridge resident is $42,857 a year. The US average is $69,021 a year.