Chattanooga, TN is a small city located in the state of Tennessee. It has a population of 37,407 according to the last census in 2019. The average 2 bedroom rent in Chattanooga is $960, which is considerably lower than the US average of $1,430. Additionally, the Grocery Cost Index in Chattanooga is 93 as compared to 100 in the US.
Chattanooga is a great place to live for those who want to save money on rent and groceries. The city offers plenty of opportunities for entertainment and recreation including Lookout Mountain Incline Railway and Ruby Falls. There are also many amazing restaurants such as 1885 Grill, Tupelo Honey Café, and Puckett’s Grocery & Restaurant that offer delicious meals at affordable prices. Additionally local companies such as Unum Insurance Company and EPB Fiber Optics employ thousands of people from around the area creating jobs and economic stability for residents.
Chattanooga (zip 37407) has an unemployment rate of 5.6%. The US average is 6.0%.
Chattanooga (zip 37407) 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 37407)
- The Sales Tax Rate for Chattanooga (zip 37407) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Chattanooga (zip 37407) 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 37407)
- The average income of a Chattanooga (zip 37407) resident is $11,026 a year. The US average is $28,555 a year.
- The Median household income of a Chattanooga (zip 37407) resident is $28,716 a year. The US average is $69,021 a year.