Hollow Rock, TN is an affordable small town located in Middle Tennessee. The cost of living is lower than the US average, with a 2 bedroom rent of $750 compared to the national average of $1,430. The grocery cost index is also lower, standing at 90 versus 100 in the US. As such, Hollow Rock provides an attractive option for those looking for a more cost-effective lifestyle. Local companies include Anderson's Automotive Group, Hollow Rock Animal Hospital and Hollow Rock Christian Academy. Amenities include a library, outdoor park and multiple restaurants. All in all, Hollow Rock offers its residents a quality lifestyle at lower costs than most areas across the country.
Hollow Rock has an unemployment rate of 5.7%. The US average is 6.0%.
Hollow Rock has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 27.0%, which is lower than the US average of 33.5%.
Tax Rates for Hollow Rock
- The Sales Tax Rate for Hollow Rock is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Hollow Rock 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 Hollow Rock
- The average income of a Hollow Rock resident is $15,860 a year. The US average is $28,555 a year.
- The Median household income of a Hollow Rock resident is $34,858 a year. The US average is $69,021 a year.