Westmoreland, TN is a small town located in the heart of Tennessee. Known for its quiet atmosphere, affordable housing and access to nature, Westmoreland offers a quality of life that appeals to families and individuals alike. The median 2 bedroom rent is $1,120 while the US average is $1,430, making it a great option for people looking to save on rent. Additionally, the local grocery cost index is 94 compared to 100 in the US - another great way to save money. Westmoreland's economy has grown steadily over the years due to several major companies such as Pratt Industries and Gestamp North America who are both based in the area. There are also several local organizations such as Citizens Bank & Trust Co., Main Street Westmoreland and Friends of the Library that work tirelessly to support the community.
Westmoreland has an unemployment rate of 4.3%. The US average is 6.0%.
Westmoreland has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 51.4%, which is higher than the US average of 33.5%.
Tax Rates for Westmoreland
- The Sales Tax Rate for Westmoreland is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Westmoreland 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 Westmoreland
- The average income of a Westmoreland resident is $17,241 a year. The US average is $28,555 a year.
- The Median household income of a Westmoreland resident is $48,494 a year. The US average is $69,021 a year.