Hickory Valley, TN is a great place to live for those who appreciate the small-town charm. The city offers easy access to amenities such as grocery stores, restaurants, and entertainment while keeping costs of living low. There are numerous local businesses such as Hickory Valley Hardware & Home Repair, Hickorien's Auto Body Shop, and Amy's Bakery that offer great services to the community. Living in Hickory Valley means that rent is much cheaper than average at $830 for two bedrooms versus $1,430 in the US. Similarly, groceries cost less with an index of 91 compared to 100 across the US. All these factors make Hickory Valley an appealingly affordable option for those looking for a small-town lifestyle without sacrificing modern conveniences.
Hickory Valley has an unemployment rate of 7.3%. The US average is 6.0%.
Hickory Valley has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Hickory Valley
- The Sales Tax Rate for Hickory Valley is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Hickory Valley 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 Hickory Valley
- The average income of a Hickory Valley resident is $25,049 a year. The US average is $37,638 a year.
- The Median household income of a Hickory Valley resident is $29,063 a year. The US average is $69,021 a year.