The small town of Palmer, TN (37365) is an affordable option for those looking to save money. The 2 bedroom rent in this area is $880, while the US average is $1,430. Additionally, the Grocery Cost Index in Palmer is 92 versus 100 in the US. This means residents of Palmer can get groceries at a significantly lower rate than the rest of the country. Local companies such as Walmart and ALDI offer low-cost grocery options to their customers. The nearby Food City also offers competitive prices on fresh produce and other items.
Palmer (zip 37365) has an unemployment rate of 6.6%. The US average is 6.0%.
Palmer (zip 37365) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Palmer (zip 37365)
- The Sales Tax Rate for Palmer (zip 37365) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Palmer (zip 37365) 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 Palmer (zip 37365)
- The average income of a Palmer (zip 37365) resident is $13,537 a year. The US average is $28,555 a year.
- The Median household income of a Palmer (zip 37365) resident is $45,523 a year. The US average is $69,021 a year.