Smithville, TN is a small town located in central Tennessee. It is known for its rolling hills and beautiful scenery as well as its close proximity to the city of Nashville. The cost of living in Smithville is quite affordable, with the average rent for a two bedroom apartment being $1,110 - significantly lower than the US average of $1,430. Additionally, residents can benefit from the grocery cost index which stands at 94 compared to 100 nationally.
The economy in Smithville is predominantly driven by agriculture and tourism. There are many local companies that help sustain this vibrant community such as Wal-Mart Supercenter, Smithville Tire & Auto Service, Brown's Grocery Store, and D&W Properties LLC. The town also has numerous attractions such as Beech River Park and Riverpark Marina for outdoor activities. Residents of Smithville enjoy a peaceful lifestyle with quick access to all amenities that they need.
Smithville has an unemployment rate of 6.0%. The US average is 6.0%.
Smithville has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 43.1%, which is higher than the US average of 33.5%.
Tax Rates for Smithville
- The Sales Tax Rate for Smithville is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Smithville 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 Smithville
- The average income of a Smithville resident is $21,023 a year. The US average is $28,555 a year.
- The Median household income of a Smithville resident is $31,050 a year. The US average is $69,021 a year.