Montgomery, TN County is an attractive option for those looking to live in an affordable area. The rent for a two bedroom apartment is around $990, making it more affordable than the national average of $1,430. Additionally, groceries here are slightly cheaper than the US index of 100; the grocery cost index in Montgomery County is 97. This makes it a great place to stretch one’s budget further. Montgomery County is home to many companies that have had a positive impact on the community, such as Contour Aerospace and AT&T. Contour Aerospace is a manufacturer of aircraft components and AT&T provides wireless telecommunications services. These companies not only bring new job opportunities to residents of the county but also help drive economic development in the region.
Montgomery County has an unemployment rate of 5.7%. The US average is 6.0%.
Montgomery County has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Montgomery County
- The Sales Tax Rate for Montgomery County is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Montgomery 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 Montgomery County
- The average income of a Montgomery County resident is $22,867 a year. The US average is $28,555 a year.
- The Median household income of a Montgomery County resident is $63,768 a year. The US average is $69,021 a year.