Zip 37031 (Castalian Springs, TN) Economy


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Castalian Springs, TN is a quaint town located in Sumner County. It is home to approximately 1,000 people who enjoy the tranquil atmosphere of country living while still being close enough to Nashville for commuting or weekend trips. The average 2 bedroom rent in Castalian Springs is $1,220 which is lower than the United States average of $1,430. The local grocery cost index in Castalian Springs is 99 versus 100 in the US. This makes it one of the more affordable places to live if you are looking for a small town lifestyle. \nLocal businesses include Cedar Hill Farmhouse, Dogwood Farms & Produce, and Castle Antiques & Gifts. All three are well-known shops in the area that offer unique products and services to the citizens of Castalian Springs. In general, the cost of living in Castalian Springs is relatively low compared to most other places in Tennessee. The low rent prices and grocery costs make this an ideal place for those who want to experience a slow paced lifestyle without breaking the bank.

Castalian Springs (zip 37031) has an unemployment rate of 4.3%. The US average is 6.0%.

Castalian Springs (zip 37031) has seen the job market increase by 2.4% 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 Castalian Springs (zip 37031)
- The Sales Tax Rate for Castalian Springs (zip 37031) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Castalian Springs (zip 37031) 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 Castalian Springs (zip 37031)
- The average income of a Castalian Springs (zip 37031) resident is $27,785 a year. The US average is $28,555 a year.
- The Median household income of a Castalian Springs (zip 37031) resident is $77,361 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCastalian Springs, TennesseeUnited States
  4.36
  -5.8%-6.2%
  51.4%33.5%
  9.3%6.2%
  0.0%4.6%
  $39,218$37,638
  $77,361$69,021
  $86,571$85,028
  Population by Occupation
  1.1%1.2%
  1.0%0.5%
  4.8%6.8%
  11.0%10.0%
  1.2%2.5%
  9.0%11.0%
  10.3%4.8%
  1.4%0.8%
  1.3%1.9%
  2.4%4.7%
  1.3%1.9%
  3.9%7.6%
  0.0%0.1%
  3.4%4.2%
  8.3%9.3%
  10.5%14.0%
  0.4%2.1%
  8.1%7.0%
  15.7%4.8%
  5.1%4.7%
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