Erwin, TN is a small town located in Unicoi County. It is a peaceful and scenic community with plenty of outdoor recreational activities for residents to enjoy. The cost of living in Erwin, TN is quite affordable, with two-bedroom rental prices being significantly lower than the U.S. average. The Grocery Cost Index in Erwin is also lower than the national average, making it easier for local residents to meet their necessary needs without breaking the bank. The economy of Erwin is mostly reliant on local businesses such as Shelby’s Store & Deli, Unicoi County Veterinary Hospital, Natural State Healing Center, and Real Estate Solutions Group. Residents can also find employment opportunities at nearby employers like East Tennessee State University and Johnson City Medical Center.
Erwin has an unemployment rate of 7.1%. The US average is 6.0%.
Erwin has seen the job market decrease by -4.7% 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 Erwin
- The Sales Tax Rate for Erwin is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Erwin 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 Erwin
- The average income of a Erwin resident is $22,422 a year. The US average is $37,638 a year.
- The Median household income of a Erwin resident is $37,984 a year. The US average is $69,021 a year.