Viola, TN is a peaceful town located in the southern part of the state. It is known for its low cost of living, with 2-bedroom apartments costing just $1,030 compared to the US average of $1,430, and a grocery cost index that stands at 93 against the national figure of 100. This makes Viola an attractive prospect for both locals and visitors looking to settle down. The local economy is thriving too; there are many businesses within the town such as Brown Mechanical Services, Coopers Creek Grocery Store, and Viola Country Store - all of which offer employment opportunities and great prices on everyday items.
Viola has an unemployment rate of 5.7%. The US average is 6.0%.
Viola has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for Viola
- The Sales Tax Rate for Viola is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Viola 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 Viola
- The average income of a Viola resident is $24,484 a year. The US average is $28,555 a year.
- The Median household income of a Viola resident is $41,875 a year. The US average is $69,021 a year.