The city of Chattanooga, Tennessee, is a beautiful and vibrant place to live. With a population of over 180,000 people, it’s no wonder why so many people choose to call this area home. The average 2-bedroom rent cost in Chattanooga is $970 which is significantly less expensive than the national average of $1,430. The grocery cost index in Chattanooga comes in at 93 compared to the U.S. index of 100 making groceries more affordable as well. In addition to its affordability, Chattanooga boasts an abundance of culture with exciting attractions and activities such as the Tennessee Aquarium and Lookout Mountain. On top of that, local businesses are thriving with some notable names like Unum Group, BlueCross BlueShield of TN, EPB Fiber Optics and Volkswagen Group of America all calling Chattanooga home.
Chattanooga (zip 37404) has an unemployment rate of 5.6%. The US average is 6.0%.
Chattanooga (zip 37404) has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 44.5%, which is higher than the US average of 33.5%.
Tax Rates for Chattanooga (zip 37404)
- The Sales Tax Rate for Chattanooga (zip 37404) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Chattanooga (zip 37404) 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 Chattanooga (zip 37404)
- The average income of a Chattanooga (zip 37404) resident is $19,821 a year. The US average is $28,555 a year.
- The Median household income of a Chattanooga (zip 37404) resident is $40,763 a year. The US average is $69,021 a year.