Atwood, TN is a small town in East Tennessee with a population of around 500 people. The cost of living in Atwood is significantly lower than the national average, which is evident from the 2 bedroom rent being just $800 whereas it is $1,430 nationally. Similarly, grocery costs are much lower at 91 versus 100 nationally. This makes Atwood an attractive place to live for those wanting to save money without compromising on quality of life.
The local economy is largely driven by small businesses such as Atwood General Store, which offers a wide variety of goods at competitive prices, as well as Big Sky Custom Homes and Renovations offering high-end housing solutions for the area. The low cost of living in Atwood makes it an ideal location for those seeking to reduce monthly expenses and enjoy a peaceful rural lifestyle close to nature.
Atwood has an unemployment rate of 5.7%. The US average is 6.0%.
Atwood has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Atwood
- The Sales Tax Rate for Atwood is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Atwood 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 Atwood
- The average income of a Atwood resident is $18,524 a year. The US average is $28,555 a year.
- The Median household income of a Atwood resident is $35,278 a year. The US average is $69,021 a year.