Woodbury, TN is a small town with an estimated population of 1,731 people. It is located in Cannon County and is known for its stunning scenery and top-notch outdoor activities such as hunting, fishing, and camping. The average rent for a two bedroom apartment is $1,120 which is cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Woodbury is 95 versus the 100 rate in the US making groceries more affordable to those living there. There are a number of local companies that contribute to the economy such as Ruben's Department Store & Bakery Inc., Woodbury Funeral Home & Cremation Services, Advanced Fire Protection Systems LLC., and Solid State Construction LLC.
Woodbury has an unemployment rate of 4.5%. The US average is 6.0%.
Woodbury has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Woodbury
- The Sales Tax Rate for Woodbury is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Woodbury 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 Woodbury
- The average income of a Woodbury resident is $24,355 a year. The US average is $37,638 a year.
- The Median household income of a Woodbury resident is $50,473 a year. The US average is $69,021 a year.