Mountain City, TN is a small town located in the Appalachian Mountains of Northeast Tennessee. Its scenic views, low cost of living, and family-friendly atmosphere make it an ideal place for those looking to enjoy the beauty of rural life. The average 2 bedroom rent in Mountain City is $810 compared to the US average of $1,430. Groceries are also relatively cheaper than elsewhere in the country with a Grocery Cost Index rating of 94 versus 100 in the US.
The economy in Mountain City is thriving due to many local businesses such as High Top Tire & Automotive Repair, Carole's Drycleaning & Laundry, and Piney Flats Hardware Store. The town also features several popular restaurants including Mellow Mushroom Pizza Bakers, Juisma Alpine Mexican Cuisine, and Tomo Japanese Steakhouse & Sushi Bar.
Mountain City has an unemployment rate of 5.5%. The US average is 6.0%.
Mountain City has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Mountain City
- The Sales Tax Rate for Mountain City is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Mountain 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 Mountain City
- The average income of a Mountain City resident is $16,143 a year. The US average is $28,555 a year.
- The Median household income of a Mountain City resident is $29,155 a year. The US average is $69,021 a year.