Zip 38461 (Hampshire, TN) Economy


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Hampshire, TN (38461) is a small town located in the heart of Tennessee. It has a population of around 2,000 people and offers affordable housing with 2 bedroom rentals costing only $1,130 per month on average. The grocery cost index in the area is 98 versus 100 in the US.
This rural community has plenty to offer for families and individuals alike. Local companies include \"Safeway Plumbing Co\" which specializes in plumbing needs, \"Fuller Construction Co\" which specializes in home remodeling and construction projects, and \"Garner & Son Automotive Services\" which provides reliable car repair services. Additionally, Hampshire boasts great educational facilities such as Hampshire Elementary School and Watauga Middle School. Job opportunities are available at companies like Walmart, Lowe's Home Improvement Warehouse and Sunoco Gas Station for those looking to work close to home.

Hampshire (zip 38461) has an unemployment rate of 4.6%. The US average is 6.0%.

Hampshire (zip 38461) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 51.1%, which is higher than the US average of 33.5%.

Tax Rates for Hampshire (zip 38461)
- The Sales Tax Rate for Hampshire (zip 38461) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Hampshire (zip 38461) 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 Hampshire (zip 38461)
- The average income of a Hampshire (zip 38461) resident is $18,560 a year. The US average is $28,555 a year.
- The Median household income of a Hampshire (zip 38461) resident is $43,969 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHampshire, TennesseeUnited States
  4.66
  -5.8%-6.2%
  51.1%33.5%
  9.3%6.2%
  0.0%4.6%
  $21,079$37,638
  $43,969$69,021
  $51,231$85,028
  Population by Occupation
  5.3%1.2%
  0.0%0.5%
  14.8%6.8%
  13.3%10.0%
  7.0%2.5%
  18.4%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  1.9%4.7%
  2.2%1.9%
  1.9%7.6%
  0.0%0.1%
  0.0%4.2%
  9.0%9.3%
  16.5%14.0%
  0.0%2.1%
  2.4%7.0%
  0.0%4.8%
  7.3%4.7%
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