Tennessee 

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Economy in Tennessee

Tennessee has an unemployment rate of 5.1%. The US average is 6.0%.

Tennessee has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 41.6%, which is higher than the US average of 33.5%.

Tax Rates for Tennessee
- The Sales Tax Rate for Tennessee is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Tennessee 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 Tennessee
- The average income of a Tennessee resident is $24,811 a year. The US average is $28,555 a year.
- The Median household income of a Tennessee resident is $44,621 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYTennessee, TennesseeUnited States
  5.1%6.0%
  -5.4%-6.2%
  41.6%33.5%
  9.8%6.2%
  0.0%4.6%
  $27,277$31,177
  $48,708$57,652
  $60,217$70,850
  POPULATION BY OCCUPATION
  0.8%1.3%
  0.2%0.6%
  6.2%6.2%
  13.1%10.4%
  2.7%2.7%
  12.2%11.6%
  5.1%4.1%
  1.1%0.9%
  1.9%2.1%
  4.1%4.7%
  1.6%1.9%
  4.8%6.7%
  0.1%0.1%
  4.5%4.3%
  8.7%9.3%
  14.1%13.8%
  1.8%2.2%
  7.5%7.4%
  4.9%4.9%
  4.4%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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    Reviews for Tennessee    45 Reviews
    Advise on relocating to TN - outdoorsy/work please - 11/3/2021
    Some friends moved to Nashville and surrounding areas and love it.We enjoy visiting the area, but were trying to narrow down areas to relocate to in TN.We will be... Read More

    Start Your Review of Tennessee


    Looking for the opinions of lifetime Tennesseeans - 4/25/2021
    Let me start with a little bit about me. First off, I am a believer in the Lord Jesus.Second, I'm from the communist state of NJ. I live near Manhattan and I can't... Read More

    How hard is it to fine work? - 9/24/2020
    We are wanting to move to Tennessee in next 2-4 years from CA. Hate CA! Husband is a highschool teacher and football/girls basketball coach. Would he have a hard time... Read More


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    COMPARE COST OF LIVING
    Compare Tennessee to any other place in the USA.


    MAPS OF TENNESSEE
    Tennessee
    ZIP CODES IN TENNESSEE
    37013, 37042, 37211, 37130, 37122, 37075, 38401, 37064, 37129, 37167, ... 628 more


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