Red Bank, TN is a small town located in the Southeastern United States with a population of just over 10,000 people. This small town offers a quiet atmosphere and is home to several local businesses such as Buckhead Mountain Grill, International Plastics Inc., and M&M Pest Control Services. The cost of living in Red Bank is quite low due to the relatively low rent prices; two bedroom apartments can be rented for around $1,220 per month. Additionally, the grocery cost index is 98 versus 100 in the US, making it an attractive option for families looking for affordable living.
Red Bank has an unemployment rate of 4.8%. The US average is 6.0%.
Red Bank has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Red Bank
- The Sales Tax Rate for Red Bank is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Red Bank 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 Red Bank
- The average income of a Red Bank resident is $24,244 a year. The US average is $28,555 a year.
- The Median household income of a Red Bank resident is $48,158 a year. The US average is $69,021 a year.