Lawrence, TN County is a great place to live due to its affordable rent and cost of living. With 2 Bedroom Rent at $770 compared to the US average of $1,430, renters have much more disposable income to enjoy the luxuries of life. It also has a Grocery Cost Index of 93 versus 100 in the US which means food costs less than other areas. The area offers a variety of businesses, from small independent stores to larger national chains. Popular local companies include Lawrence County Hardware for home improvement supplies, Spears Clothing for fashion apparel, and Lawrence Pet Supplies for pet supplies and accessories. There are many other stores in the area that offer quality goods and services such as Ace Auto Parts for auto parts and repair, Family Pharmacy for prescription medications, and High Country Rental Equipment for construction equipment rentals.
Lawrence County has an unemployment rate of 5.1%. The US average is 6.0%.
Lawrence County has seen the job market decrease by -4.4% 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 Lawrence County
- The Sales Tax Rate for Lawrence County is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Lawrence 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 Lawrence County
- The average income of a Lawrence County resident is $24,426 a year. The US average is $37,638 a year.
- The Median household income of a Lawrence County resident is $45,721 a year. The US average is $69,021 a year.