Cottage Grove, TN is a beautiful suburb of Nashville known for its charming community atmosphere. It has a variety of local companies that range from restaurants to service providers, such as Great Clips, Papa John's Pizza, and America's Best Contacts & Eyeglasses. The cost of living in Cottage Grove is very affordable when compared to the national average. Rent for a two-bedroom apartment in Cottage Grove is $740 per month, while the average rent for a two-bedroom apartment in the US is $1,430 per month. Additionally, the Grocery Cost Index in Cottage Grove stands at 92 versus 100 for the US in general. This makes it easy for individuals and families to move into Cottage Grove and enjoy all that it has to offer without breaking the bank.
Cottage Grove has an unemployment rate of 5.6%. The US average is 6.0%.
Cottage Grove has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.7%, which is lower than the US average of 33.5%.
Tax Rates for Cottage Grove
- The Sales Tax Rate for Cottage Grove is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Cottage Grove 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 Cottage Grove
- The average income of a Cottage Grove resident is $16,603 a year. The US average is $28,555 a year.
- The Median household income of a Cottage Grove resident is $44,375 a year. The US average is $69,021 a year.