Gallaway, TN is a great place to live, with affordable rent and lower grocery costs than the national average. It's popular for families looking for a comfortable place to call home. The area has numerous local businesses that offer quality goods and services. Some of the most well-known companies in Gallaway include Galloway Funland, Denny's Diner, and B&G Hardware Store. These businesses provide employment opportunities and contribute to the local economy. The city has also seen an influx of new businesses over the past few years, helping to create new jobs and further enhance economic stability in the area.
Gallaway has an unemployment rate of 4.9%. The US average is 6.0%.
Gallaway has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 41.0%, which is higher than the US average of 33.5%.
Tax Rates for Gallaway
- The Sales Tax Rate for Gallaway is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Gallaway 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 Gallaway
- The average income of a Gallaway resident is $15,212 a year. The US average is $28,555 a year.
- The Median household income of a Gallaway resident is $26,458 a year. The US average is $69,021 a year.