Townsend, TN is a small town located in Blount County just outside of the Great Smoky Mountains National Park. It is a popular tourist destination for its outdoor activities such as rafting, fishing, and hiking trails. Local companies in Townsend consist of Townsend Deli and Grocery Store, Little T Bistro Bar and Grill, Trout Chasers Fly Fishing Guide Service, Appalachian Mountain Outfitters, and The Tap Room. The cost of living in Townsend is lower than the US average with a two bedroom rent at $1,090 compared to $1,430 nationwide and grocery cost index of 99 versus 100 in the US. This makes Townsend an attractive option for people looking to live in a rural area close to nature while still having access to amenities.
Townsend has an unemployment rate of 4.7%. The US average is 6.0%.
Townsend has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Townsend
- The Sales Tax Rate for Townsend is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Townsend 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 Townsend
- The average income of a Townsend resident is $27,961 a year. The US average is $28,555 a year.
- The Median household income of a Townsend resident is $74,408 a year. The US average is $69,021 a year.