Lenoir City, TN is a great place to call home. Located close to the Great Smoky Mountains National Park, there are plenty of activities and attractions for residents to enjoy. The rent for a two bedroom apartment in Lenoir City is about $1,090 on average per month, which is lower than the national average of $1,430. Additionally, it's more affordable to buy groceries in Lenoir City as compared to the US with an index score of 97 versus 100. This can help greatly when it comes to budgeting your cost of living expenses. The area has numerous local companies such as American Hose & Rubber Co., B & L Machine Shop and many others that offer employment opportunities and growth potential. All this makes Lenoir City an attractive place to live while still providing a reasonable cost of living.
Lenoir City has an unemployment rate of 4.6%. The US average is 6.0%.
Lenoir City has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.
Tax Rates for Lenoir City
- The Sales Tax Rate for Lenoir City is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Lenoir 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 Lenoir City
- The average income of a Lenoir City resident is $24,344 a year. The US average is $37,638 a year.
- The Median household income of a Lenoir City resident is $51,296 a year. The US average is $69,021 a year.