Cowan, TN is a small town in Franklin County, located near the Alabama border. It is an affordable place to live, with two bedroom rent costing $750 compared to the US average of $1430. Groceries are also more affordable here, with a grocery cost index of 91 compared to 100 in the US. The area has a variety of local businesses to explore. There is a hardware store, thrift stores, and florists scattered throughout Cowan. Community events such as farmers markets are held often in town square center. For outdoor activities there are many lakes and rivers nearby like Tim’s Ford Lake for swimming and fishing. Other popular attractions include historic Belvedere Mansion for tours and country music performances at the Cowan Civic Center.
Cowan has an unemployment rate of 4.6%. The US average is 6.0%.
Cowan has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Cowan
- The Sales Tax Rate for Cowan is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Cowan 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 Cowan
- The average income of a Cowan resident is $17,018 a year. The US average is $28,555 a year.
- The Median household income of a Cowan resident is $31,266 a year. The US average is $69,021 a year.