Cornersville, TN is a small town located in the south of Tennessee known for its peaceful atmosphere and strong sense of community. Although the population is relatively small, Cornersville is home to a range of businesses and companies such as Cornerstone Bank, K&M Industries Inc., and Snider Auto Parts. The cost of living in Cornersville is quite affordable with rent for two bedroom apartments costing around $860 per month compared to the national average of $1,430. In addition, the grocery cost index here is 94 compared to the US index of 100 making it a great place to live on a budget.
Cornersville has an unemployment rate of 4.9%. The US average is 6.0%.
Cornersville has seen the job market decrease by -8.1% over the last year. Future job growth over the next ten years is predicted to be 46.4%, which is higher than the US average of 33.5%.
Tax Rates for Cornersville
- The Sales Tax Rate for Cornersville is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Cornersville 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 Cornersville
- The average income of a Cornersville resident is $22,737 a year. The US average is $37,638 a year.
- The Median household income of a Cornersville resident is $51,250 a year. The US average is $69,021 a year.