The small city of Graysville, Tennessee, with a population of just over 3,700 people, has a remarkably low cost of living. The average 2 bedroom rent in the area is only $840 per month, far lower than the US average which stands at $1,430. Likewise grocery costs index in Graysville is also low compared to the US average at 94 versus 100. This cheaper cost of living makes it an attractive place for businesses to set up shop as they are able to keep their operating costs down. Local companies based in Graysville include S & C Auto Repair, Graysville Country Store and Hungry Jacks Barbecue. As well as helping to attract new business to Graysville, this lower cost of living means that residents can stretch their dollars further each month and enjoy a good quality of life on a budget.
Graysville (zip 37338) has an unemployment rate of 6.6%. The US average is 6.0%.
Graysville (zip 37338) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Graysville (zip 37338)
- The Sales Tax Rate for Graysville (zip 37338) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Graysville (zip 37338) 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 Graysville (zip 37338)
- The average income of a Graysville (zip 37338) resident is $15,493 a year. The US average is $28,555 a year.
- The Median household income of a Graysville (zip 37338) resident is $44,563 a year. The US average is $69,021 a year.