Bulls Gap, TN is a small town with a population of about 1,000 people in the northeastern part of the state. The cost of living is lower than the national average and is reflected in the rent for a two bedroom apartment which is $770 compared to $1,430 nationally. The Grocery Cost Index in Bulls Gap is also lower than the national average at 94 versus 100 respectively.
Local businesses include Wade's Repair & Refrigeration LLC which offers appliance repairs and installation services, Smoky Mountain Outdoors providing outdoor adventures such as fishing trips and river rafting expeditions, and Shopping Sam’s for all your grocery needs. All these services are offered at prices that reflect the low cost of living in Bulls Gap, TN making it an attractive place to live or visit.
Bulls Gap has an unemployment rate of 5.5%. The US average is 6.0%.
Bulls Gap has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.
Tax Rates for Bulls Gap
- The Sales Tax Rate for Bulls Gap is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Bulls Gap 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 Bulls Gap
- The average income of a Bulls Gap resident is $18,040 a year. The US average is $28,555 a year.
- The Median household income of a Bulls Gap resident is $46,250 a year. The US average is $69,021 a year.