Tennessee, IL is a great place to live with many local companies that make it a great place to call home. Not only do residents benefit from low rent and grocery costs compared to the US average, but they also enjoy being close to plenty of local amenities and businesses. Some companies in Tennessee, IL include Shelby County National Bank, GK Contracting Services LLC, and Little Giant Roofing & Construction. The town has plenty of parks for outdoor activities as well as entertainment centers such as Cinema 8 Theater and Shiloh Family Fun Center. With its low cost of living and access to all these amenities, Tennessee makes an ideal location for families or individuals looking for a comfortable lifestyle.
Tennessee has an unemployment rate of 5.3%. The US average is 6.0%.
Tennessee has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 16.6%, which is lower than the US average of 33.5%.
Tax Rates for Tennessee
- The Sales Tax Rate for Tennessee is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Tennessee is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Tennessee
- The average income of a Tennessee resident is $17,983 a year. The US average is $28,555 a year.
- The Median household income of a Tennessee resident is $36,875 a year. The US average is $69,021 a year.