38450 Collinwood, TN is a rural community with plenty of local amenities. The 2 bedroom rent in the area is $750, which is significantly lower than the national average of $1,430. The cost of groceries here is also more affordable than other parts of the country with a Grocery Cost Index of 93 versus 100 in the US. Local companies include D&C Mechanical Services for heating and cooling systems, Marshall County Healthcare for medical services, and McNairy County Bank for financial services. Residents also enjoy shopping at J & L Variety Store or dining at Missy's Restaurant. Additionally, guests to this area can take advantage of nearby attractions such as Shiloh National Military Park or Kentucky Lake State Resort Park.
Collinwood (zip 38450) has an unemployment rate of 5.5%. The US average is 6.0%.
Collinwood (zip 38450) has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Collinwood (zip 38450)
- The Sales Tax Rate for Collinwood (zip 38450) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Collinwood (zip 38450) 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 Collinwood (zip 38450)
- The average income of a Collinwood (zip 38450) resident is $21,502 a year. The US average is $37,638 a year.
- The Median household income of a Collinwood (zip 38450) resident is $34,122 a year. The US average is $69,021 a year.