Falling Water, TN is an attractive town for those looking to make a move due to its lower cost of living compared to the US average. With 2 Bedroom rent at $1,090 compared to the US average of $1,430, Falling Water is a great place for families and individuals alike who want more bang for their buck. The Grocery Cost Index in Falling Water is also cheaper than the US with a 98 rating compared to 100. Not only does this make it more affordable for residents but there are plenty of local companies that contribute to the town’s economy such as Auto Parts Plus, Dixie Industries, and East Tennessee Mechanical. Moving to Falling Water means not having to sacrifice quality or affordability when it comes to living expenses which makes it a great option for many people on the hunt for their dream home.
Falling Water has an unemployment rate of 4.8%. The US average is 6.0%.
Falling Water has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Falling Water
- The Sales Tax Rate for Falling Water is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Falling Water 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 Falling Water
- The average income of a Falling Water resident is $41,568 a year. The US average is $37,638 a year.
- The Median household income of a Falling Water resident is $99,665 a year. The US average is $69,021 a year.