Cookeville, Tennessee is a thriving city located in Putnam County. Its zip code is 38506. Cookeville has a population of 31,796 according to 2019 estimates. The cost of living is very affordable in Cookeville with the average 2 bedroom rent costing $1,210 compared to the US average of $1430. Grocery costs are also low in Cookeville as its grocery cost index is 97 compared to 100 for the US.
Cookeville, TN offers many well known companies including Averitt Express, Oreck Corporation, and Bush Brothers & Company. The economy of Cookeville is diverse and booming with plenty of job opportunities available for locals or those looking to relocate there. It’s no wonder that so many people choose to live in this lovely city!
Cookeville (zip 38506) has an unemployment rate of 5.4%. The US average is 6.0%.
Cookeville (zip 38506) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 42.3%, which is higher than the US average of 33.5%.
Tax Rates for Cookeville (zip 38506)
- The Sales Tax Rate for Cookeville (zip 38506) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Cookeville (zip 38506) 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 Cookeville (zip 38506)
- The average income of a Cookeville (zip 38506) resident is $30,375 a year. The US average is $37,638 a year.
- The Median household income of a Cookeville (zip 38506) resident is $54,003 a year. The US average is $69,021 a year.