Portland, TN is a city in Middle Tennessee with an estimated population of 7,000 people. It is known for its friendly community and low cost of living. The median two bedroom rent is $1,180 which is much lower compared to the US median of $1,430. Additionally, the Grocery Cost Index in Portland is 97 as opposed to 100 in the US.
The city offers numerous amenities and activities for its residents such as shopping at local stores like Southern Trading Post Thrift Store and Food City Supermarket or dining at eateries like Hillbilly's BBQ and Sonic Drive-In. There are also many recreation opportunities such as parks, trails, museums and other attractions like the Tennessee Central Railway Museum. With plenty of entertainment options and a low cost of living, Portland, TN is an ideal place for individuals and families looking for a home.
Portland has an unemployment rate of 4.3%. The US average is 6.0%.
Portland 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 Portland
- The Sales Tax Rate for Portland is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Portland 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 Portland
- The average income of a Portland resident is $23,996 a year. The US average is $37,638 a year.
- The Median household income of a Portland resident is $59,407 a year. The US average is $69,021 a year.