McMinnville, TN Metro Area is an excellent place to call home, with a 2 bedroom rental rate of just $780, below the national average of $1,430. Living in McMinnville is also budget-friendly when it comes to groceries, as the Grocery Cost Index is 93 compared to 100 in the US. There are plenty of local companies and attractions to enjoy in McMinnville too. For outdoor enthusiasts there are places like River Park, Rock Island State Park and The Greenway Trail. Local businesses include Walmart Supercenter, O'Charley's Restaurant & Bar and the Cumberland Caverns. With its affordable cost of living and great attractions McMinnville is an ideal place for anyone looking for a new home.
McMinnville Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.
McMinnville Metro Area has seen the job market decrease by -3.0% over the last year. Future job growth over the next ten years is predicted to be 15.0%, which is lower than the US average of 33.5%.
Tax Rates for McMinnville Metro Area
- The Sales Tax Rate for McMinnville Metro Area is 9.8%. The US average is 7.3%.
- The Income Tax Rate for McMinnville 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 McMinnville Metro Area
- The average income of a McMinnville Metro Area resident is $20,048 a year. The US average is $28,555 a year.
- The Median household income of a McMinnville Metro Area resident is $46,189 a year. The US average is $69,021 a year.