37820 New Market, TN is a small town with great amenities. It has two local companies, Snyder's General Store and Skeen Furniture Co., which both provide quality goods to the community. It also has two schools for children in the area: New Market Elementary School and Sunshine High School. The cost of renting a 2 bedroom apartment in the area is $760, which is significantly lower than the US average of $1,430. Additionally, grocery costs in 37820 are slightly lower than the national average with a Grocery Cost Index of 95 versus 100 in the US. This makes it an ideal place for people looking to live affordably while still having access to quality services and amenities.
New Market (zip 37820) has an unemployment rate of 5.0%. The US average is 6.0%.
New Market (zip 37820) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 39.1%, which is higher than the US average of 33.5%.
Tax Rates for New Market (zip 37820)
- The Sales Tax Rate for New Market (zip 37820) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for New Market (zip 37820) 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 New Market (zip 37820)
- The average income of a New Market (zip 37820) resident is $22,973 a year. The US average is $28,555 a year.
- The Median household income of a New Market (zip 37820) resident is $50,417 a year. The US average is $69,021 a year.