Chattanooga, TN Metro Area is an attractive place to live for those seeking an affordable lifestyle. The 2 bedroom rent in Chattanooga is $1,070 on average, which is significantly cheaper than the US average of $1,430. This cost-saving trend holds true for groceries as well; the Grocery Cost Index in Chattanooga is 97 versus the 100 in the US. Local businesses such as Volkswagen and Coca Cola have chosen to make Chattanooga their home, making it a great place to find jobs and career opportunities. All in all, Chattanooga makes for a great place to live with its moderately priced housing and groceries making the cost of living quite affordable.
Chattanooga Metro Area has an unemployment rate of 4.3%. The US average is 6.0%.
Chattanooga Metro Area has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 45.4%, which is higher than the US average of 33.5%.
Tax Rates for Chattanooga Metro Area
- The Sales Tax Rate for Chattanooga Metro Area is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Chattanooga Metro Area 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 Chattanooga Metro Area
- The average income of a Chattanooga Metro Area resident is $25,315 a year. The US average is $28,555 a year.
- The Median household income of a Chattanooga Metro Area resident is $58,277 a year. The US average is $69,021 a year.