Beersheba Springs, TN is a small town located in Tennessee. The cost of living here is quite low compared to other parts of the US. The average rent for a 2 bedroom apartment in Beersheba Springs is $760 while it averages around $1,430 throughout the US. Additionally, the Grocery Cost Index in Beersheba Springs is 91 compared to 100 throughout the US. This makes goods such as food and housing more affordable in this area.
The town itself has a few local companies that are worth mentioning, such as Beersheba Springs Market, which provides groceries and fresh produce; Emory Valley Orchard which offers fresh fruit from local orchards; and Beersheba Bank which provides financial services. All these businesses make life easier for those residing in Beersheba Springs as they are able to find what they need without having to travel far.
In conclusion, Beersheba Springs is an excellent place to live with its lower cost of living compared to other areas around the country and its plethora of local companies that cater to residents’ needs.
Beersheba Springs has an unemployment rate of 6.6%. The US average is 6.0%.
Beersheba Springs 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 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Beersheba Springs
- The Sales Tax Rate for Beersheba Springs is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Beersheba Springs 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 Beersheba Springs
- The average income of a Beersheba Springs resident is $11,354 a year. The US average is $28,555 a year.
- The Median household income of a Beersheba Springs resident is $62,109 a year. The US average is $69,021 a year.