McMinnville, TN is a city located in the state of Tennessee with an estimated population of 13,000 residents. The city is known for its diversity and local businesses, such as Nissan Forklift of Tennessee, Smith-Reagan Insurance Agency, and Dry Ridge Outfitters. The cost of living in McMinnville is relatively low compared to other cities in the US. Specifically, the average rent for a two bedroom apartment is $1,130 per month which is lower than the national average of $1,430 per month. Furthermore, the Grocery Cost Index in McMinnville is 93 versus 100 nationally so groceries are also comparatively cheaper than other larger cities across America.
McMinnville has an unemployment rate of 5.7%. The US average is 6.0%.
McMinnville has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for McMinnville
- The Sales Tax Rate for McMinnville is 9.8%. The US average is 7.3%.
- The Income Tax Rate for McMinnville 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 McMinnville
- The average income of a McMinnville resident is $17,974 a year. The US average is $28,555 a year.
- The Median household income of a McMinnville resident is $37,562 a year. The US average is $69,021 a year.