Savannah, TN with a population of 38372 is known for its southern charm. According to current estimates, 2 bedroom rent is $750 which is significantly lower than the US average of $1,430. Additionally, grocery cost index in Savannah is 92 compared to 100 in the US.
Savannah has several local businesses that contribute to its economy such as Pickwick Electric Co-op Inc., Hardaways LLC, and Savannah Family Pharmacy. These companies work together to provide the community with various services including electrical power supply, construction services and medication needs.
In conclusion, Savannah may be a small town with low prices on rent and groceries but it has big economic potential due to the presence of several local businesses that are essential to life in this area. Despite being relatively small in size and population, Savannah offers residents an affordable lifestyle and a sense of community that is hard to find elsewhere.
Savannah (zip 38372) has an unemployment rate of 5.9%. The US average is 6.0%.
Savannah (zip 38372) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 35.1%, which is higher than the US average of 33.5%.
Tax Rates for Savannah (zip 38372)
- The Sales Tax Rate for Savannah (zip 38372) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Savannah (zip 38372) 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 Savannah (zip 38372)
- The average income of a Savannah (zip 38372) resident is $19,425 a year. The US average is $28,555 a year.
- The Median household income of a Savannah (zip 38372) resident is $49,401 a year. The US average is $69,021 a year.