Ripley, TN is a small town located in Lauderdale County. It has a population of just over 8,000 people and provides a close-knit community for those who live there. Ripley is home to several local businesses, including Ripley Electric, Stokes Automotive Group, Family Medical Center of Ripley, and State Farm Insurance. The cost of living in Ripley is relatively low compared to the national average. For example, the typical 2 bedroom rental costs $710 each month which is much lower than the US 2 bedroom rent of $1,430. Additionally, the grocery cost index for Ripley is 92 versus 100 in the US. This makes it an ideal place to live if you are looking for an affordable lifestyle.
Ripley has an unemployment rate of 6.6%. The US average is 6.0%.
Ripley has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Ripley
- The Sales Tax Rate for Ripley is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Ripley 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 Ripley
- The average income of a Ripley resident is $19,825 a year. The US average is $37,638 a year.
- The Median household income of a Ripley resident is $35,634 a year. The US average is $69,021 a year.