Kingsport, TN is a vibrant city located in Northeast Tennessee. The cost of living in Kingsport is quite affordable compared to the US average; for example, the median two bedroom rent is only $790 as opposed to the US average of $1,430. Additionally, the Grocery Cost Index is 95 versus 100 in the US. As such, Kingsport provides an attractive place to live for those looking for affordability as well as convenience. \nThe local economy is diverse and strong thanks to major employers such as Eastman Chemical Company, Domtar Paper Company and Holston Army Ammunition Plant. Smaller businesses such as local eateries and boutiques are also common. Kingsport boasts unique attractions such as Warriors' Path State Park and Bays Mountain Park & Planetarium that draw visitors from across the region each year. With its low cost of living and convenient location, it's no wonder that so many people are making Kingsport their home!
Kingsport has an unemployment rate of 6.1%. The US average is 6.0%.
Kingsport has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Kingsport
- The Sales Tax Rate for Kingsport is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Kingsport 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 Kingsport
- The average income of a Kingsport resident is $25,687 a year. The US average is $28,555 a year.
- The Median household income of a Kingsport resident is $43,025 a year. The US average is $69,021 a year.