Petersburg, TN is a small city located in the northern part of the state which offers an array of local businesses and attractions. It is known for its low cost of living which includes two bedroom rent at $770 compared to the national average at $1,430. Grocery stores and other food related establishments are also inexpensive having a grocery cost index of 93 compared to 100 nationally. Some of the local companies include Big John's Baked Goods, Joe's Burger Shack, and Schuyler Motors. There are plenty of fun activities in Petersburg such as bowling at Skylanes Alley or live music concerts at The Stage on Main Street. Visitors and locals alike can enjoy all that Petersburg has to offer!
Petersburg has an unemployment rate of 5.1%. The US average is 6.0%.
Petersburg has seen the job market decrease by -9.6% 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 Petersburg
- The Sales Tax Rate for Petersburg is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Petersburg 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 Petersburg
- The average income of a Petersburg resident is $19,394 a year. The US average is $37,638 a year.
- The Median household income of a Petersburg resident is $50,268 a year. The US average is $69,021 a year.