Huntsville, TN is a great place to live. Known for its low cost of living and friendly atmosphere, it is home to many different businesses such as Redstone Federal Credit Union, Huntsville Hospital, and Alabama A & M University. The average two bedroom rent in Huntsville is $780, about half of the US average of $1,430. Additionally, groceries in Huntsville are 7% cheaper than the national average index score of 100. It is no surprise that Huntsville's cost of living makes it an attractive destination for those looking for a more affordable lifestyle while still enjoying all the amenities cities have to offer.
Huntsville has an unemployment rate of 6.5%. The US average is 6.0%.
Huntsville has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.
Tax Rates for Huntsville
- The Sales Tax Rate for Huntsville is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Huntsville 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 Huntsville
- The average income of a Huntsville resident is $14,570 a year. The US average is $37,638 a year.
- The Median household income of a Huntsville resident is $24,851 a year. The US average is $69,021 a year.