38560 Elmwood, TN is a great place to live! Located in the heart of Tennessee, it has plenty to offer. The 2 Bedroom Rent is $780, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index is 94 versus 100 in the US, making it a great place for budget-minded shoppers. There are also many local businesses in 38560 Elmwood that cater to its diverse population. These include restaurants such as O'Boys Barbeque and Big E's Pizzeria, shops like K&K Watermelons and Magoo's Clothing Store, and services such as McReady's Auto Repair and Brown's Computer Services. With all these options available, 38560 Elmwood is an excellent place to call home!
Elmwood (zip 38560) has an unemployment rate of 4.6%. The US average is 6.0%.
Elmwood (zip 38560) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 47.4%, which is higher than the US average of 33.5%.
Tax Rates for Elmwood (zip 38560)
- The Sales Tax Rate for Elmwood (zip 38560) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Elmwood (zip 38560) 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 Elmwood (zip 38560)
- The average income of a Elmwood (zip 38560) resident is $20,290 a year. The US average is $37,638 a year.
- The Median household income of a Elmwood (zip 38560) resident is $54,265 a year. The US average is $69,021 a year.