Zip 37772 (Lenoir City, TN) Economy


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37772 Lenoir City, TN is a vibrant and growing community located in Loudon County. The cost of living here is slightly lower than the US average, with a 2 bedroom rent of $1,200 and a grocery cost index of 100. Recently, local companies and businesses such as Hutton & Hutton Insurance Agency have been making the news for their commitment to providing professional service to their clients. The Lenoir City-based business has been praised for its customer service and quick response times when dealing with issues related to insurance. Other local businesses including Tennessee Valley Fence Company have also gained attention due to their innovative approach towards providing quality fencing solutions at competitive prices. With a thriving economy and strong industry presence, 37772 Lenoir City, TN looks set for an exciting future ahead.

Lenoir City (zip 37772) has an unemployment rate of 4.6%. The US average is 6.0%.

Lenoir City (zip 37772) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 37.4%, which is higher than the US average of 33.5%.

Tax Rates for Lenoir City (zip 37772)
- The Sales Tax Rate for Lenoir City (zip 37772) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Lenoir City (zip 37772) 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 Lenoir City (zip 37772)
- The average income of a Lenoir City (zip 37772) resident is $38,950 a year. The US average is $28,555 a year.
- The Median household income of a Lenoir City (zip 37772) resident is $78,682 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLenoir City, TennesseeUnited States
  4.66
  -4.1%-6.2%
  37.4%33.5%
  9.0%6.2%
  0.0%4.6%
  $46,823$37,638
  $78,682$69,021
  $94,141$85,028
  Population by Occupation
  1.5%1.2%
  0.0%0.5%
  6.2%6.8%
  15.6%10.0%
  4.0%2.5%
  13.3%11.0%
  1.8%4.8%
  1.1%0.8%
  2.2%1.9%
  3.5%4.7%
  1.2%1.9%
  11.1%7.6%
  0.4%0.1%
  3.5%4.2%
  5.5%9.3%
  11.9%14.0%
  2.4%2.1%
  5.2%7.0%
  5.4%4.8%
  4.1%4.7%
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