Silerton, TN is an affordable city to live in, with a two bedroom rent costing around $810 per month on average. This is significantly less than the US average of $1,430 per month. Groceries are also cheaper in Silerton than the national average, with a grocery cost index of 94 versus 100 in the US. Local companies such as Silerton Food Mart and Silerton Apothecary offer quality goods at competitive prices compared to larger national chains. With its affordable rents and groceries, Silerton is an ideal place for families or young professionals looking for an economical place to live.
Silerton has an unemployment rate of 7.3%. The US average is 6.0%.
Silerton has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Silerton
- The Sales Tax Rate for Silerton is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Silerton 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 Silerton
- The average income of a Silerton resident is $25,516 a year. The US average is $37,638 a year.
- The Median household income of a Silerton resident is $44,583 a year. The US average is $69,021 a year.