Summertown, TN is a great place to live that offers a range of different amenities. It has a low cost of living with two-bedroom rents coming in at $970, while the US average is $1,430. The Grocery Cost Index in Summertown is also lower than the national average with a score of 94 compared to 100. There are numerous companies and businesses in Summertown such as Clark's Automotive Service Center, Red Rooster Bakery, and Summerset Family Dental Care. All three provide excellent services to the community and have been part of the town for many years. The people of Summertown are friendly and welcoming which makes it an enjoyable place to live.
Summertown has an unemployment rate of 5.1%. The US average is 6.0%.
Summertown has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Summertown
- The Sales Tax Rate for Summertown is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Summertown 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 Summertown
- The average income of a Summertown resident is $22,663 a year. The US average is $28,555 a year.
- The Median household income of a Summertown resident is $42,361 a year. The US average is $69,021 a year.