Coalmont, TN is a great place to live with affordable rent. The average 2 bedroom rent in Coalmont is just $860, significantly lower than the US average of $1,430. This makes it a great budget-friendly alternative for those looking to live in Tennessee. Additionally, the Grocery Cost Index in Coalmont is 94 versus the 100 in the US, making grocery shopping easier on your wallet as well. Local companies in Coalmont include Lowe's Hardware and Farmers Insurance Group.
Coalmont has an unemployment rate of 6.6%. The US average is 6.0%.
Coalmont has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Coalmont
- The Sales Tax Rate for Coalmont is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Coalmont 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 Coalmont
- The average income of a Coalmont resident is $17,934 a year. The US average is $37,638 a year.
- The Median household income of a Coalmont resident is $45,625 a year. The US average is $69,021 a year.