Savannah, TN is a beautiful small town located about an hour east of Memphis. It has an estimated population of 7,000 people and is known for its friendly residents. The 2 bedroom rent in Savannah is $720 which is much lower than the US average of $1,430. Additionally, the grocery cost index in Savannah is 92 compared to 100 in the US making it an attractive place to live for budget-conscious shoppers. The town also has plenty to do; there are several local businesses including the Savannah Cafe & Bakery, Carter's BBQ Shack and JB Grocery Store plus plenty of attractions such as Pickwick Lake State Park, Shiloh National Military Park and Tennessee River Blueway Trail. The climate is seasonal with hot summers and mild winters so you can enjoy outdoor activities year round.
Savannah has an unemployment rate of 5.9%. The US average is 6.0%.
Savannah 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 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Savannah
- The Sales Tax Rate for Savannah is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Savannah 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 Savannah
- The average income of a Savannah resident is $19,777 a year. The US average is $37,638 a year.
- The Median household income of a Savannah resident is $37,057 a year. The US average is $69,021 a year.