Park City, TN is a city located in southeastern Tennessee with a population of just over 9,000 people. The cost of renting a 2-Bedroom apartment is much lower than the US average at $760 per month compared to $1,430. Additionally, the grocery cost index in Park City is 94 compared to 100 in the US – groceries are slightly cheaper than average. Those who live there are close to many local companies such as the Park City Post Office, Bank of America, and Finley’s Grocery Store. Park City offers natural beauty while having the affordability of small town living with access to larger amenities.
Park City has an unemployment rate of 5.1%. The US average is 6.0%.
Park City has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 46.4%, which is higher than the US average of 33.5%.
Tax Rates for Park City
- The Sales Tax Rate for Park City is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Park 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 Park City
- The average income of a Park City resident is $20,065 a year. The US average is $28,555 a year.
- The Median household income of a Park City resident is $66,729 a year. The US average is $69,021 a year.