Zip 37030 (Carthage, TN) Economy


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Carthage, TN (37030) is a small town located in Smith County, Tennessee. With a population of 2,991 people, Carthage is an ideal place to settle down and raise a family. The average 2 bedroom rent in Carthage is $730 per month - less than half of the national average rental price for the same type of property. Other than rent prices, grocery costs are also significantly lower within the city limits. According to the Grocery Cost Index, goods were found to cost 95 versus 100 nationally. \nCarthage also houses several local businesses such as Carthage Livestock Market Inc., Macon Bank & Trust Company and Smith Land & Auction Co Inc. All three offer excellent services that contribute to the thriving economy of Carthage and its surrounding areas.

Carthage (zip 37030) has an unemployment rate of 4.6%. The US average is 6.0%.

Carthage (zip 37030) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 47.4%, which is higher than the US average of 33.5%.

Tax Rates for Carthage (zip 37030)
- The Sales Tax Rate for Carthage (zip 37030) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Carthage (zip 37030) 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 Carthage (zip 37030)
- The average income of a Carthage (zip 37030) resident is $21,536 a year. The US average is $28,555 a year.
- The Median household income of a Carthage (zip 37030) resident is $49,143 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarthage, TennesseeUnited States
  4.66
  -5.6%-6.2%
  47.4%33.5%
  9.8%6.2%
  0.0%4.6%
  $28,744$37,638
  $49,143$69,021
  $56,559$85,028
  Population by Occupation
  0.6%1.2%
  1.3%0.5%
  10.6%6.8%
  16.2%10.0%
  1.9%2.5%
  13.5%11.0%
  4.1%4.8%
  2.3%0.8%
  1.0%1.9%
  2.5%4.7%
  0.7%1.9%
  4.1%7.6%
  0.0%0.1%
  3.4%4.2%
  6.2%9.3%
  14.7%14.0%
  1.9%2.1%
  5.2%7.0%
  1.9%4.8%
  8.0%4.7%
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