Friendsville, TN is an idyllic small town with a population of just over 2,500 people. It is located in the foothills of East Tennessee, and has a strong sense of community spirit. The cost of living in Friendsville is very affordable, with rent for a 2 bedroom apartment coming in at only $1,130 compared to the US average of $1,430. Grocery costs are also lower than the national average according to the Cost-of-Living Index.
The city offers plenty of activities for residents and visitors alike. Notable local companies include Tennessee Valley Industries, which specializes in contract machining services; Friendsville Glass Co., which offers custom glass solutions; and River City Offroad LLC, which sells off-road vehicles and accessories. Friendsville also prides itself on its festivals and events such as Music on Main Street during summer months or the annual Christmas parade. With its friendly atmosphere, low cost of living and many attractions, it’s no surprise that Friendsville remains a popular destination for tourists and those looking for a place to call home.
Friendsville has an unemployment rate of 4.7%. The US average is 6.0%.
Friendsville has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Friendsville
- The Sales Tax Rate for Friendsville is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Friendsville 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 Friendsville
- The average income of a Friendsville resident is $20,255 a year. The US average is $28,555 a year.
- The Median household income of a Friendsville resident is $57,361 a year. The US average is $69,021 a year.