The average Tennessean is taxed at a rate of 0.68% for property, a maximum of 3.00% for income and up to 7.00% for sales. Compared to the national averages Tennessee earns a score of good 👍 for property taxes, good 👍 for income taxes and poor 👎 for combined local and state sales tax. Quick links to regions of Tennessee with predicted increasing and decreasing valuations.
Review the Geographical, Political and Spiritual Attributes of Tennessee
Tennessee has approximately 6,649,404 residents. A common term for people in Tennessee is "Tennessean". Within this population there are around 81,419 births and 65,544 deaths per year. Approximately 84.2% of this population speaks English exclusively. Conversely, 0.5% of this population has no verbal English skill. On average, real estate listings in Tennessee are on the market for 69 days. The Market Health Index for Tennessee is 6.67. Tennessee has one of the top ten largest income disparities between the wealthiest and poorest counties. Williamson is the wealthiest of all counties in Tennessee. The least wealthy of all counties in Tennessee is Hancock.
Daily state facts: Tennesse is ranked in the top five for state-wide fiscal solvency by George Mason's Mercatus Center. This ranking is based on measures of cash, budget, long-term and trust fund solvency.
According to the Bureau of Labor Statistics, Tennessee employment in May 2022 was 3,405,582, unemployment was 112,018 or 3.3% of total jobs.