Located in Lincoln County, Rockford, TN 37853 is a small town with a close community. Rockford has local businesses such as Farm Bureau Insurance Company, L&L Sales & Services Inc., and Riggs Home Furnishings. The cost of living in Rockford is relatively low compared to the US as 2 bedroom rent is only $970 compared to $1,430 nationally and the grocery cost index is 98 versus 100 in the US. This makes it an attractive option for those looking for quality housing at a lower cost than other parts of the country.
Rockford (zip 37853) has an unemployment rate of 4.7%. The US average is 6.0%.
Rockford (zip 37853) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Rockford (zip 37853)
- The Sales Tax Rate for Rockford (zip 37853) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Rockford (zip 37853) 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 Rockford (zip 37853)
- The average income of a Rockford (zip 37853) resident is $28,862 a year. The US average is $37,638 a year.
- The Median household income of a Rockford (zip 37853) resident is $49,964 a year. The US average is $69,021 a year.