Morrison, TN is a small town located in southeastern Tennessee and is home to around 2,000 people. It offers low rent prices of $1,190 for a two-bedroom apartment compared to the national average of $1,430. Additionally, Morrison has an overall lower cost of living than the rest of the US with its Grocery Cost Index being 95 versus 100 nationally. There are some local companies in Morrison such as Dunlap Construction Company and White Birch Farms which provide employment opportunities to the local residents.
Morrison has an unemployment rate of 5.7%. The US average is 6.0%.
Morrison 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 Morrison
- The Sales Tax Rate for Morrison is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Morrison 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 Morrison
- The average income of a Morrison resident is $14,953 a year. The US average is $28,555 a year.
- The Median household income of a Morrison resident is $31,548 a year. The US average is $69,021 a year.