Hohenwald, TN is an attractive and affordable place to live. The average rent for a two bedroom residence in Hohenwald is approximately $790, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hohenwald is 93 compared to 100 in the US. This indicates that groceries also cost less than they do on average elsewhere in this country.
Hohenwald offers a unique combination of natural beauty, small-town charm and economic opportunity. There are numerous attractions available in this community including an outdoor pool and waterpark, an 18 hole golf course and beautiful hiking trails. The local economy is mainly driven by agriculture but there are several businesses and industries located here including the KAO Chemical Corporation and J&W Lumber Company.
Hohenwald has an unemployment rate of 5.3%. The US average is 6.0%.
Hohenwald has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Hohenwald
- The Sales Tax Rate for Hohenwald is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Hohenwald 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 Hohenwald
- The average income of a Hohenwald resident is $16,288 a year. The US average is $28,555 a year.
- The Median household income of a Hohenwald resident is $33,699 a year. The US average is $69,021 a year.