Denmark, TN (zipcode 38391) is a small town located in Henry County, Tennessee. It has a population of approximately 300 people and is known for its quaint charm and rural atmosphere. The average two bedroom rent in Denmark is $770, much lower than the national average of $1,430. This makes Denmark an attractive option for those looking for affordable housing. Grocery costs are also considerably lower than the US average with a grocery cost index of 91 versus 100 in the US.
The local economy of Denmark is supported by businesses such as Quality Auto Sales, H&H Upholstery & Body Shop, and D&J Cattle Company LLC. There are also several restaurants such as The Shack on Main Street and Bakery & Cafe where residents can grab a bite to eat or do some shopping. With low rent prices and lower grocery costs than the US national average, Denmark is an attractive option for those looking to save money while still enjoying a quaint small-town atmosphere.
Denmark (zip 38391) has an unemployment rate of 5.1%. The US average is 6.0%.
Denmark (zip 38391) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 40.4%, which is higher than the US average of 33.5%.
Tax Rates for Denmark (zip 38391)
- The Sales Tax Rate for Denmark (zip 38391) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Denmark (zip 38391) 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 Denmark (zip 38391)
- The average income of a Denmark (zip 38391) resident is $16,309 a year. The US average is $28,555 a year.
- The Median household income of a Denmark (zip 38391) resident is $56,944 a year. The US average is $69,021 a year.