Walnut Hill, TN is a small town located in the southeast United States. It has a population of around 2,000 people and is known for its affordable cost of living. The average two-bedroom rent in Walnut Hill is $840 which is significantly lower than the US average of $1,430. Additionally, grocery costs are about 95 compared to the US index of 100. This makes Walnut Hill an attractive place to live for those wanting to save money on their monthly housing and food expenses.
The town also has several businesses that offer employment opportunities such as Lazy R Ranch which offers pet boarding services and Weatheredwood Crafts which specializes in handmade furniture. There's also Jimmy's Pizza serving up delicious Italian dishes and Dillard Town Hall offering government services and permits. All these businesses contribute to the town's economy making it a great community to live in.
Walnut Hill has an unemployment rate of 5.6%. The US average is 6.0%.
Walnut Hill has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Walnut Hill
- The Sales Tax Rate for Walnut Hill is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Walnut Hill 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 Walnut Hill
- The average income of a Walnut Hill resident is $26,535 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Hill resident is $59,735 a year. The US average is $69,021 a year.