The city of Sharon, Tennessee (38255) is an affordable place to live with a two-bedroom apartment renting for $740 per month in comparison to the US average of $1,430. Grocery prices are also lower than the US average with an index of 88 versus 100.
Sharon is home to many local companies such as NGM Industries which produces steel products for export and construction. Other businesses include Sharon Discount Grocery and Sharon Coin Laundry. There are plenty of tourist attractions in the area such as the historic Shiloh Springs Golf Course, Waverly Mine Run Trail and Sharon Good Neighbor Park. The community also offers plenty of shopping opportunities at nearby stores such as Walmart Supercenter and Kroger grocery store.
Sharon (zip 38255) has an unemployment rate of 4.6%. The US average is 6.0%.
Sharon (zip 38255) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 33.0%, which is lower than the US average of 33.5%.
Tax Rates for Sharon (zip 38255)
- The Sales Tax Rate for Sharon (zip 38255) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Sharon (zip 38255) 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 Sharon (zip 38255)
- The average income of a Sharon (zip 38255) resident is $18,917 a year. The US average is $28,555 a year.
- The Median household income of a Sharon (zip 38255) resident is $44,500 a year. The US average is $69,021 a year.