Tellico Plains, TN is a small town located in Monroe County with a population of 1,352 according to the 2019 census. It has all the amenities one would expect from a rural community, such as churches, schools and family-owned businesses. The cost of living in Tellico Plains is quite affordable when compared to the national average – rent for two bedroom apartments averages at $780 and grocery costs are indexed at 94. Some well-known local companies include Tellico Outfitters which provides fishing gear and outdoor equipment, and Tellico Grains Bakery specializing in artisan breads and pastries. There are also several popular restaurants such as Bobalu's Restaurant, serving classic American fare made with fresh ingredients.
Tellico Plains has an unemployment rate of 5.1%. The US average is 6.0%.
Tellico Plains has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.
Tax Rates for Tellico Plains
- The Sales Tax Rate for Tellico Plains is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Tellico Plains 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 Tellico Plains
- The average income of a Tellico Plains resident is $14,552 a year. The US average is $28,555 a year.
- The Median household income of a Tellico Plains resident is $33,750 a year. The US average is $69,021 a year.