Loretto is a small town found in Lawrence County, Tennessee. It has a population of 3,846 people. Loretto is an affordable place to live, with the average two bedroom rent costing just $780 compared to the US average of $1,430. Local groceries are even cheaper too–the Grocery Cost Index in Loretto is 93 versus 100 in the US.
Loretto provides a great quality of life for its residents, with plenty of opportunities for outdoor recreation. There are plenty of local companies here that offer employment or services such as The Dairy Bar restaurant, Loretto Bridal and Formal Wear, F & M Bank and Trust Company and Tractor Supply Co. to name a few. There are also several medical facilities in the area such as the Loretto Health Care Center and Saint Thomas West at Lawrenceburg providing excellent healthcare options for locals.
Loretto (zip 38469) has an unemployment rate of 5.1%. The US average is 6.0%.
Loretto (zip 38469) has seen the job market decrease by -4.4% 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 Loretto (zip 38469)
- The Sales Tax Rate for Loretto (zip 38469) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Loretto (zip 38469) 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 Loretto (zip 38469)
- The average income of a Loretto (zip 38469) resident is $26,270 a year. The US average is $37,638 a year.
- The Median household income of a Loretto (zip 38469) resident is $53,156 a year. The US average is $69,021 a year.