Tracy City, TN is a small city located in the eastern part of the state. With a population of just over 3,000 people, it is an ideal place to live for those who want to escape the hustle and bustle of bigger cities. The 2 bedroom rent in Tracy City is considerably lower than the US average at $970 compared to $1,430. Grocery costs are also lower with an index score of 93 compared to 100 in the US. The city has many local businesses such as Liberty Financial Services and Rick’s Design & Build Inc., which employ a large portion of its residents and make it possible for them to enjoy a comfortable lifestyle without breaking their budget.
Tracy City has an unemployment rate of 6.6%. The US average is 6.0%.
Tracy City has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Tracy City
- The Sales Tax Rate for Tracy City is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Tracy City 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 Tracy City
- The average income of a Tracy City resident is $20,473 a year. The US average is $37,638 a year.
- The Median household income of a Tracy City resident is $51,492 a year. The US average is $69,021 a year.