Bowman, TN is a small town located in the state of Tennessee with a population of around 4,000 people. It is conveniently located near larger cities such as Nashville and Chattanooga with close proximity to major highways and airports. \nDue to its size and rural location, Bowman has very affordable rental rates; the average 2 bedroom rent is only $780 per month compared to $1,430 nationally. This makes it an attractive option for those looking for affordable housing without sacrificing convenience. In addition to low rent rates, Bowman also has great grocery prices; with a Grocery Cost Index of 96 versus 100 in the US. \nLocal companies that help contribute to the local economy include Provine & Company Trucking LLC., MDS Manufacturing, and M&M Trading Post Inc., all of which provide jobs and services to residents and visitors alike. All these factors make Bowman an excellent place to live or visit as it offers peace and convenience at an affordable price.
Bowman has an unemployment rate of 6.6%. The US average is 6.0%.
Bowman has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for Bowman
- The Sales Tax Rate for Bowman is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Bowman 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 Bowman
- The average income of a Bowman resident is $20,863 a year. The US average is $28,555 a year.
- The Median household income of a Bowman resident is $68,455 a year. The US average is $69,021 a year.