Toone, TN is a small rural town located in Hardeman County. It is known for its tight-knit community, beautiful rolling hills, and affordable cost of living. The average 2 Bedroom rent in Toone is $760 as compared to the US average of $1,430. Other costs are also relatively lower than the national average such as the grocery cost index which is 91 versus 100 in the US. Local companies contributing to Toone's economy include Tri-County Industries, Estes & Son Nurseries, and DeSoto Drugs Inc. Residents enjoy a low-cost lifestyle where they can take advantage of affordable housing options and grocery prices making it an attractive place to live.
Toone has an unemployment rate of 7.3%. The US average is 6.0%.
Toone has seen the job market increase by 0.6% 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 Toone
- The Sales Tax Rate for Toone is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Toone 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 Toone
- The average income of a Toone resident is $16,316 a year. The US average is $28,555 a year.
- The Median household income of a Toone resident is $38,036 a year. The US average is $69,021 a year.