Cleveland, TN (37312) is a small city located in southeastern Tennessee. According to the US Census Bureau, Cleveland has a population of 41,285 people. The median two-bedroom rent in Cleveland is $1,040, which is $390 less than the national average of $1,430. Additionally, the Grocery Cost Index in Cleveland is 98 compared to 100 nationally.
Cleveland's economy is driven by a variety of local businesses including Check Into Cash Inc., O'Reilly Auto Parts, Tennessee Valley Authority (TVA), Whirlpool Corporation and Life Care Centers of America. Check Into Cash Inc., located downtown Cleveland on Keith Street NW provides financial services such as check cashing and payday loans to customers throughout the region. O'Reilly Auto Parts is another major employer providing parts and supplies for automobiles to support regional citizens with their vehicle needs. TVA provides electricity to nine million people across seven Southeastern states and is headquartered in downtown Cleveland near the Tennessee Riverwalk Trail. Whirlpool Corporation provides quality appliances to residents across the region while Life Care Centers of America provides rehabilitation services for those in need within the community and surrounding areas. These businesses not only employ many citizens but also provide invaluable services that help move the economy forward in this region of Tennessee.
Cleveland (zip 37312) has an unemployment rate of 5.6%. The US average is 6.0%.
Cleveland (zip 37312) has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Cleveland (zip 37312)
- The Sales Tax Rate for Cleveland (zip 37312) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Cleveland (zip 37312) 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 Cleveland (zip 37312)
- The average income of a Cleveland (zip 37312) resident is $33,343 a year. The US average is $37,638 a year.
- The Median household income of a Cleveland (zip 37312) resident is $62,545 a year. The US average is $69,021 a year.