Decherd, TN is a small town located in Franklin County. It has a population of around 1,000 people and offers an affordable cost of living compared to the rest of the United States. The average rent for a two bedroom apartment in Decherd is only $750 per month, while the national average is $1,430. Similarly, the Grocery Cost Index in Decherd is 93 versus 100 nationally.
Decherd also has several local businesses that contribute to its economy. Those include H&H Manufacturing Company which produces precision parts for automotive and industrial markets; PPG Architectural Finishes which manufactures paints and coatings; and U-Drive-It Car Rentals, which provides car rentals to customers throughout Franklin County. These local businesses create jobs for many residents in Decherd and bring valuable income into the city.
Decherd has an unemployment rate of 4.6%. The US average is 6.0%.
Decherd 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 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Decherd
- The Sales Tax Rate for Decherd is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Decherd 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 Decherd
- The average income of a Decherd resident is $19,816 a year. The US average is $28,555 a year.
- The Median household income of a Decherd resident is $27,136 a year. The US average is $69,021 a year.