Iron City, TN is an affordable place to live compared to other parts of the country. The average two bedroom rent is only $770 whereas it is $1,430 in the US as a whole. Grocery costs are also lower here with an index of 92 compared to 100 in the US. Iron City has plenty of attractions for people who choose to live here such as Iron City Aquatic Center, Iron City Community Park, and Iron City Farmers Market. Additionally, many local businesses can be found here such as J&K Plumbing and Heating and Tipton Sound Music Store. With all these amenities and more, Iron City has much to offer its residents!
Iron City has an unemployment rate of 5.1%. The US average is 6.0%.
Iron City has seen the job market decrease by -4.4% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Iron City
- The Sales Tax Rate for Iron City is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Iron City 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 Iron City
- The average income of a Iron City resident is $13,163 a year. The US average is $37,638 a year.
- The Median household income of a Iron City resident is $0 a year. The US average is $69,021 a year.