Colonial Heights, TN is a small town located near the state capital of Nashville. It has a population of just under 5,000 people and is known for its small-town charm. The cost of living in Colonial Heights is much lower than the average US city. For example, 2 Bedroom rent in Colonial Heights is $810 compared to $1,430 in the US on average. Even groceries are more affordable here with an index of 98 compared to 100 across the US. There are a number of local businesses that make up Colonial Heights such as Grocery Plus Supermarket, Colonial Inn Motel & Suites, and Caravan Coffee Roasters. Overall, living in Colonial Heights is very affordable and budget friendly for those looking for a small-town atmosphere close to big city amenities.
Colonial Heights has an unemployment rate of 5.6%. The US average is 6.0%.
Colonial Heights 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 Colonial Heights
- The Sales Tax Rate for Colonial Heights is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Colonial Heights 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 Colonial Heights
- The average income of a Colonial Heights resident is $22,980 a year. The US average is $28,555 a year.
- The Median household income of a Colonial Heights resident is $69,912 a year. The US average is $69,021 a year.