The average 2 bedroom rent in Chattanooga, TN is 37409 is $1,030 - significantly lower than the US average of $1,430. This makes it an attractive option for renters looking to save on housing costs. Groceries are also slightly less expensive in Chattanooga than in many other parts of the country with its Grocery Cost Index being 95 versus 100 nationally. The city is home to several large employers such as Unum Group, Erlanger Health System, and Volkswagen Chattanooga Manufacturing Plant. Additionally, there are many local companies that add to the diverse economy of Chattanooga such as Chattem Inc., BlueCross BlueShield of Tennessee, EPB Fiber Optics and Covenant Transport.
Chattanooga (zip 37409) has an unemployment rate of 5.6%. The US average is 6.0%.
Chattanooga (zip 37409) has seen the job market decrease by -5.5% 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 37409)
- The Sales Tax Rate for Chattanooga (zip 37409) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Chattanooga (zip 37409) 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 37409)
- The average income of a Chattanooga (zip 37409) resident is $32,195 a year. The US average is $37,638 a year.
- The Median household income of a Chattanooga (zip 37409) resident is $62,098 a year. The US average is $69,021 a year.