Cookeville, TN is a charming city surrounded by beautiful mountains and rolling hills. The cost of living is quite reasonable when compared to the national average. A two bedroom apartment in Cookeville can be rented for $910 per month, which is significantly lower than the US average of $1,430. Groceries in Cookeville are also cheaper than the US average, with a Grocery Cost Index of 96 versus 100 nationally. Local companies in Cookeville include Fulghum Industries, First State Bank, and True Value Hardware Store. Overall, Cookeville offers an affordable lifestyle with plenty of job prospects at its many businesses.
Cookeville has an unemployment rate of 5.4%. The US average is 6.0%.
Cookeville has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 42.3%, which is higher than the US average of 33.5%.
Tax Rates for Cookeville
- The Sales Tax Rate for Cookeville is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Cookeville 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 Cookeville
- The average income of a Cookeville resident is $21,104 a year. The US average is $28,555 a year.
- The Median household income of a Cookeville resident is $43,611 a year. The US average is $69,021 a year.