Zip 37370 (Riceville, TN) Economy


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Riceville, TN (37370) is a small town located in East Tennessee. The median rent for a two-bedroom apartment here is $780 per month, which is much lower than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Riceville is 97 compared to 100 in the US. Riceville has a small but vibrant business community comprised of local businesses such as the Henhouse Deli & Market and Cochran Glass Company. The median home value in Riceville is $84,500, making it an affordable place to buy or rent property.

Riceville (zip 37370) has an unemployment rate of 5.3%. The US average is 6.0%.

Riceville (zip 37370) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.

Tax Rates for Riceville (zip 37370)
- The Sales Tax Rate for Riceville (zip 37370) is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Riceville (zip 37370) 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 Riceville (zip 37370)
- The average income of a Riceville (zip 37370) resident is $19,421 a year. The US average is $28,555 a year.
- The Median household income of a Riceville (zip 37370) resident is $55,874 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRiceville, TennesseeUnited States
  5.36
  -4.9%-6.2%
  30.6%33.5%
  9.0%6.2%
  0.0%4.6%
  $28,354$37,638
  $55,874$69,021
  $68,664$85,028
  Population by Occupation
  1.2%1.2%
  0.0%0.5%
  5.5%6.8%
  19.6%10.0%
  0.0%2.5%
  5.3%11.0%
  5.7%4.8%
  1.2%0.8%
  0.0%1.9%
  7.2%4.7%
  1.1%1.9%
  0.0%7.6%
  0.0%0.1%
  5.5%4.2%
  13.1%9.3%
  5.2%14.0%
  3.1%2.1%
  11.0%7.0%
  7.9%4.8%
  7.3%4.7%
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