Humboldt, TN is a small city located in West Tennessee with a population of 8,000. The cost of living here is lower than the US average, with two bedroom rental costs averaging $800 per month compared to the national average of $1,430. Grocery costs are also lower in Humboldt at 92 on the index versus 100 in the US. There are several local companies in the area such as Humboldt Metal Works, P&A Machine Works and Humboldt Logistics that provide employment for residents. In summary, living in Humboldt is an economical choice for individuals and families alike due to its lower grocery and rental costs compared to the national averages.
Humboldt has an unemployment rate of 5.1%. The US average is 6.0%.
Humboldt has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Humboldt
- The Sales Tax Rate for Humboldt is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Humboldt 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 Humboldt
- The average income of a Humboldt resident is $16,784 a year. The US average is $28,555 a year.
- The Median household income of a Humboldt resident is $35,848 a year. The US average is $69,021 a year.