Carter, TN County is an area with great potential for growth and development. The median 2 bedroom rent in the county is significantly cheaper than the US average at $880 versus $1,430 respectively. Additionally, the Grocery Cost Index in Carter, TN County is 94 compared to 100 nationally. This suggests that it may be more economical to live in Carter County than other parts of the country. The county boasts a number of local companies such as Carter Machinery Company and Hyster-Yale Group that provide employment opportunities for its residents and contribute positively to the local economy. Due to its lower cost of living, Carter County has become an attractive option for people looking for a place to set down roots or start a business.
Carter County has an unemployment rate of 5.7%. The US average is 6.0%.
Carter County has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Carter County
- The Sales Tax Rate for Carter County is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Carter County 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 Carter County
- The average income of a Carter County resident is $19,385 a year. The US average is $28,555 a year.
- The Median household income of a Carter County resident is $44,280 a year. The US average is $69,021 a year.