Walnut Grove (Sumner Cnty), TN is an attractive place to live due to its affordable housing prices. The average rent for a two bedroom apartment in Walnut Grove is $1,260 compared to the US average of $1,430. Additionally, groceries are also generally cheaper in Walnut Grove than they are throughout the rest of the country; with a grocery cost index of 101 versus 100 in the US. \nThe local economy is largely supported by businesses such as Family Dollar, Walgreens Pharmacy, Walmart Supercenter, and Taylor Automotive Parts Inc., which provide residents with a wide variety of job opportunities and services. With its low cost of living and thriving business community, Walnut Grove offers residents a great quality of life that compares favorably with that found throughout the United States.
Walnut Grove (Sumner County) has an unemployment rate of 4.3%. The US average is 6.0%.
Walnut Grove (Sumner County) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 51.4%, which is higher than the US average of 33.5%.
Tax Rates for Walnut Grove (Sumner County)
- The Sales Tax Rate for Walnut Grove (Sumner County) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Walnut Grove (Sumner County) 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 Walnut Grove (Sumner County)
- The average income of a Walnut Grove (Sumner County) resident is $22,172 a year. The US average is $28,555 a year.
- The Median household income of a Walnut Grove (Sumner County) resident is $65,313 a year. The US average is $69,021 a year.