Cottage Grove, TN (zip code 38224) is a small town with a population of fewer than 500 people. Its two bedroom rent averages $770 per month which is significantly less than the national average of $1,430. Cottage Grove also has lower grocery costs when compared to the US with an index score of 92 versus 100 in the US. Local companies that serve this area include Yates Market, K&L Automotive Repair, and Knoxville TVA Employees Credit Union. Although the rent may be higher in other areas of the country, Cottage Grove residents benefit from its low cost of living, providing them with more financial stability.
Cottage Grove (zip 38224) has an unemployment rate of 5.6%. The US average is 6.0%.
Cottage Grove (zip 38224) 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 (zip 38224)
- The Sales Tax Rate for Cottage Grove (zip 38224) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Cottage Grove (zip 38224) 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 (zip 38224)
- The average income of a Cottage Grove (zip 38224) resident is $20,329 a year. The US average is $28,555 a year.
- The Median household income of a Cottage Grove (zip 38224) resident is $50,909 a year. The US average is $69,021 a year.