Bethel Springs, TN is a small town with a population of around 500 people. Located in West Tennessee, it offers residents an affordable cost of living with a two bedroom rent coming in at $770 as compared to the US average of $1,430. The Grocery Cost Index in Bethel Springs is 91 versus 100 for the US on average. \nThe local economy consists of several businesses including Knoxville Wholesale Furniture, Southern Diesel Truck Repair, and Hillcrest Animal Clinic. All these companies serve the community and provide employment opportunities for its citizens. Overall, Bethel Springs is an affordable place to live that has plenty of amenities offered by local businesses so that the citizens can stay comfortable and well taken care of.
Bethel Springs has an unemployment rate of 7.4%. The US average is 6.0%.
Bethel Springs has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Bethel Springs
- The Sales Tax Rate for Bethel Springs is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Bethel 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 Bethel Springs
- The average income of a Bethel Springs resident is $16,421 a year. The US average is $28,555 a year.
- The Median household income of a Bethel Springs resident is $38,611 a year. The US average is $69,021 a year.