Cosby, TN (37722) is a small town situated in the foothills of the Appalachians and is known for its breathtaking views and beautiful landscapes. The cost of living in Cosby is quite low compared to the US average; a two bedroom rent is $740 which is about half of the US average at $1,430. Additionally, grocery costs are around 94 on the index versus 100 in the US, making groceries more affordable than most locations.
The town of Cosby has a few local businesses that are popular among residents. This includes White Oak Mercantile which offers up-cycled antiques and vintage goods, Lazy O Farm Market which sells produce from local farms, Little River Outfitters that rents out canoeing and kayaking gear, and The Potter's House Bakery & Cafe offering fresh baked goods and pastries. Cosby provides some great local shopping options at an affordable price!
Cosby (zip 37722) has an unemployment rate of 6.8%. The US average is 6.0%.
Cosby (zip 37722) has seen the job market decrease by -7.9% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.
Tax Rates for Cosby (zip 37722)
- The Sales Tax Rate for Cosby (zip 37722) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Cosby (zip 37722) 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 Cosby (zip 37722)
- The average income of a Cosby (zip 37722) resident is $23,286 a year. The US average is $37,638 a year.
- The Median household income of a Cosby (zip 37722) resident is $42,532 a year. The US average is $69,021 a year.