Cottontown, TN is a small town located in the southern United States with an affordable cost of living. Rent for a two bedroom apartment in Cottontown is $1,220 compared to the U.S average of $1,430, making it an attractive place for those looking to save on rent. Additionally, the Grocery Cost Index for Cottontown is 101 compared to the U.S Average of 100. This means that groceries are slightly less expensive in Cottontown than elsewhere in the U.S. The local economy includes businesses such as Wildcat Creek Winery, Cabin Creek Farms and Country Store and Heartland Financial Services.
Cottontown has an unemployment rate of 4.3%. The US average is 6.0%.
Cottontown has seen the job market decrease by -5.8% over the last year. Future job growth over the next ten years is predicted to be 51.4%, which is higher than the US average of 33.5%.
Tax Rates for Cottontown
- The Sales Tax Rate for Cottontown is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Cottontown 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 Cottontown
- The average income of a Cottontown resident is $44,990 a year. The US average is $37,638 a year.
- The Median household income of a Cottontown resident is $0 a year. The US average is $69,021 a year.