Portland, TN is a city located in Sumner County with a population of approximately 12,562. The median two bedroom rent in Portland is $1,150, which is less than the US 2 bedroom rent of $1,430. Portland also has lower grocery costs than the national average; the Grocery Cost Index in Portland is 97 versus 100 for the US as a whole. There are several local companies that have helped to shape the economic landscape of Portland such as Renfro Corporation, an apparel manufacturer; SAE Industries Inc., an automotive component supplier; and American Eagle Outfitters Distribution Center which offers employment opportunities for many local citizens. Additionally, institutions like Portland State Community College host educational programs that help prepare students for success in their future endeavors. Overall, Portland provides various advantages to its residents from affordable housing to diverse job opportunities.
Portland (zip 37148) has an unemployment rate of 4.3%. The US average is 6.0%.
Portland (zip 37148) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 51.4%, which is higher than the US average of 33.5%.
Tax Rates for Portland (zip 37148)
- The Sales Tax Rate for Portland (zip 37148) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Portland (zip 37148) 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 Portland (zip 37148)
- The average income of a Portland (zip 37148) resident is $22,357 a year. The US average is $28,555 a year.
- The Median household income of a Portland (zip 37148) resident is $62,927 a year. The US average is $69,021 a year.