Bean Station, TN is a small town located in Grainger County with a population of just over 2,000 people as of the 2018 census. The cost of living in Bean Station is lower than the national average, as evidenced by the low 2 bedroom rent of $720 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Bean Station is 95 versus 100 in the US. Local companies in Bean Station include RV Parts & Accessories, an automotive parts store; J&J Machine Shop Inc., a precision machine shop; and Hillside Nursery, specializing in landscape plants and services. All three businesses are established family-run companies that have served Bean Station for many years.
Bean Station has an unemployment rate of 5.6%. The US average is 6.0%.
Bean Station has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 37.5%, which is higher than the US average of 33.5%.
Tax Rates for Bean Station
- The Sales Tax Rate for Bean Station is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Bean Station 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 Bean Station
- The average income of a Bean Station resident is $18,291 a year. The US average is $28,555 a year.
- The Median household income of a Bean Station resident is $43,810 a year. The US average is $69,021 a year.