37048 Cottontown, TN is a small town located in Sumner County with a population of about 1,300 people. The cost of living in Cottontown is relatively affordable compared to other cities in Tennessee. The average 2 bedroom rent for this area is $1,270 which is lower than the US average of $1,430. Similarly, the Grocery Cost Index here is 101 versus 100 in the US. This index indicates that groceries are marginally more expensive than usual when compared to other places in the country.
In terms of businesses and companies operating in Cottontown, some of the local establishments include Cummins Inc., Pigeon Forge Pottery Outlet Store, and Catawba Valley Distillery. Cummins Inc., founded in 1919 provides power solutions such as diesel and natural gas engines as well as generator sets for various industries and applications across different markets from heavy-duty trucks to motor yachts and beyond. Pigeon Forge Pottery Outlet Store has been making quality ceramic products since 1950s while Catawba Valley Distillery produces its own moonshine whiskey made from locally sourced ingredients that meet all state distilling laws.
Overall, when comparing 37048 Cottontown to other parts of Tennessee or even other areas within the United States, it is clear that there are several advantages this town offers such as lower rent prices and higher grocery cost index than many other places. Coupled with its local businesses such as Cummins Inc., Pigeon Forge Pottery Outlet Store and Catawba Valley Distillery, it makes Cottontown an attractive option for those looking to settle down or visit this place.
Cottontown (zip 37048) has an unemployment rate of 4.3%. The US average is 6.0%.
Cottontown (zip 37048) 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 Cottontown (zip 37048)
- The Sales Tax Rate for Cottontown (zip 37048) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Cottontown (zip 37048) 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 Cottontown (zip 37048)
- The average income of a Cottontown (zip 37048) resident is $23,797 a year. The US average is $28,555 a year.
- The Median household income of a Cottontown (zip 37048) resident is $83,859 a year. The US average is $69,021 a year.