Knoxville, Tennessee (37909) is an area with a relatively low cost of living, making it attractive to those looking for affordable options. The average price of a two bedroom rental in Knoxville is approximately $1,250 compared with the national average of $1,430. Other everyday expenses are just as affordable, with the grocery cost index in this area at 99 compared to the US index at 100. There are many local businesses that make up the economy here including Packaging Corporation of America, Scripps Networks Interactive, and Denso North America. All these factors combined make Knoxville an ideal place for people looking for an affordable lifestyle.
Knoxville (zip 37909) has an unemployment rate of 4.7%. The US average is 6.0%.
Knoxville (zip 37909) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Knoxville (zip 37909)
- The Sales Tax Rate for Knoxville (zip 37909) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Knoxville (zip 37909) 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 Knoxville (zip 37909)
- The average income of a Knoxville (zip 37909) resident is $27,376 a year. The US average is $28,555 a year.
- The Median household income of a Knoxville (zip 37909) resident is $49,600 a year. The US average is $69,021 a year.