Red Boiling Springs, TN (37150) is a small town with a population of just over 1,400 people. This small community is located in Macon County and offers many amenities to its residents. The median 2 bedroom rent in Red Boiling Springs is $790, which is significantly lower than the US median rental price of $1,430. Similarly, grocery cost index in Red Boiling Springs is 92 versus 100 for the US on average.
Red Boiling Springs has several local businesses that help form its economy such as “The Rock Castle” event center which hosts weddings and other events; “Central Cafe” which serves breakfast, lunch, and dinner; and “Mac's Auto Repair” which provides car repair services. The small population of Red Boiling Springs does not support all types of businesses so instead these local business owners specialize in what they offer to better serve their community while adding something to the overall economy of Red Boiling Springs.
Red Boiling Springs (zip 37150) has an unemployment rate of 4.8%. The US average is 6.0%.
Red Boiling Springs (zip 37150) has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 47.5%, which is higher than the US average of 33.5%.
Tax Rates for Red Boiling Springs (zip 37150)
- The Sales Tax Rate for Red Boiling Springs (zip 37150) is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Red Boiling Springs (zip 37150) 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 Red Boiling Springs (zip 37150)
- The average income of a Red Boiling Springs (zip 37150) resident is $18,526 a year. The US average is $37,638 a year.
- The Median household income of a Red Boiling Springs (zip 37150) resident is $35,179 a year. The US average is $69,021 a year.