Elkton, TN is a small town located in Giles County with a population of 3,845. Apartments and other properties for rent in the area are reasonably priced compared to other places in the United States. For example, the average 2-bedroom rental cost in Elkton is around $770 per month while the US average is $1,430 - making Elkton 43% cheaper than the US as a whole. The Grocery Cost Index in Elkton is also 16% lower than the national average at 96 versus 100.
There are several locally owned businesses and restaurants that offer great services and products to people living in and visiting Elkton. A few examples include Westside Grill & Deli, which offers a variety of tasty sandwiches and salads; Gilley's Hardware Store for all your home improvement needs; and Country Corner Pizza for delicious pizza pies made with fresh ingredients. In addition, there are several other stores such as funeral homes, grocery stores, banks, gasoline stations and more that serve this small community.
Elkton (zip 38455) has an unemployment rate of 4.8%. The US average is 6.0%.
Elkton (zip 38455) has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 44.9%, which is higher than the US average of 33.5%.
Tax Rates for Elkton (zip 38455)
- The Sales Tax Rate for Elkton (zip 38455) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Elkton (zip 38455) 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 Elkton (zip 38455)
- The average income of a Elkton (zip 38455) resident is $25,444 a year. The US average is $37,638 a year.
- The Median household income of a Elkton (zip 38455) resident is $0 a year. The US average is $69,021 a year.