Banner Hill, TN is an up and coming town that is located in the southeastern part of the state. It is a great place to live as the rent for two bedroom apartments is only $770 per month compared to the US average of $1,430. Additionally, grocery costs are also quite low and are almost six percent less than those found in other parts of America.
The town's economy has been growing over the years as well with many local businesses such as Banner Hill General Store, Hill Country Auto Parts, Block Supermarket, and B&B Hardware all located in the area. There are also several restaurants including Burger King, Taco Bell, and Applebee’s that make sure locals can always grab a quick bite to eat. With its low cost of living and plenty of amenities Banner Hill continues to be an attractive place for people looking for an enjoyable place to settle down.
Banner Hill has an unemployment rate of 7.1%. The US average is 6.0%.
Banner Hill has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Banner Hill
- The Sales Tax Rate for Banner Hill is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Banner 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 Banner Hill
- The average income of a Banner Hill resident is $19,636 a year. The US average is $28,555 a year.
- The Median household income of a Banner Hill resident is $67,396 a year. The US average is $69,021 a year.