Hancock, TN County is an ideal place to live due to its low cost of living and convenient amenities. The two bedroom rent in the county is $750, which is much lower than the US average of $1,430. Furthermore, the grocery cost index in Hancock is 94 versus 100 in the US. These cost savings can be used to explore all of the local attractions available in this charming town. Residents can find ample outdoor activities at nearby parks and trails such as Cumberland Mountain State Park or enjoy quality time with family and friends at various restaurants and shops. There are also many well-established businesses that offer plenty of employment opportunities for those looking for work. All in all, Hancock provides a wonderful balance between affordability and exciting attractions that makes it a great place to call home.
Hancock County has an unemployment rate of 6.6%. The US average is 6.0%.
Hancock County has seen the job market decrease by -1.8% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Hancock County
- The Sales Tax Rate for Hancock County is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Hancock 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 Hancock County
- The average income of a Hancock County resident is $26,925 a year. The US average is $37,638 a year.
- The Median household income of a Hancock County resident is $29,650 a year. The US average is $69,021 a year.