Iron City, TN (38463) is a small town located in Lawrence County with a population of just over 1,000 people. Although it is small, Iron City has a lot to offer its residents. The average rent for two bedrooms is $780 compared to the US average of $1,430 making it an affordable place to live. Grocery costs are also relatively low with an index of 92 compared to 100 at the national level.
The town has local companies such as Iron City Automotive, Lawrence Flooring and Living Room Interiors that provide products and services to residents and visitors alike. In addition there are several retail stores such as Iron City Store, Iron City Music and Southern Treasures offering a variety of merchandise for purchase. Overall, Iron City provides a small-town atmosphere with affordable living costs and local businesses to serve the community.
Iron City (zip 38463) has an unemployment rate of 5.1%. The US average is 6.0%.
Iron City (zip 38463) has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Iron City (zip 38463)
- The Sales Tax Rate for Iron City (zip 38463) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Iron City (zip 38463) 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 Iron City (zip 38463)
- The average income of a Iron City (zip 38463) resident is $18,542 a year. The US average is $28,555 a year.
- The Median household income of a Iron City (zip 38463) resident is $49,207 a year. The US average is $69,021 a year.