Kenton, TN is a small town located in rural Northwest Tennessee. It's known for its low cost of living and friendly atmosphere. Rent on two bedroom apartments averages around $740 compared to the US average of $1,430. Grocery Cost Index in Kenton is also lower than the national average with a rate of 91 versus 100 in the US. Local companies include Kenton Manufacturing Co., which produces industrial machinery and equipment, and Grant’s Automotive, an auto repair shop. With its low cost of living and friendly atmosphere, Kenton continues to be a popular place to live for many people.
Kenton has an unemployment rate of 5.1%. The US average is 6.0%.
Kenton has seen the job market decrease by -3.8% 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 Kenton
- The Sales Tax Rate for Kenton is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Kenton 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 Kenton
- The average income of a Kenton resident is $22,532 a year. The US average is $37,638 a year.
- The Median household income of a Kenton resident is $37,143 a year. The US average is $69,021 a year.