38582 Silver Point, TN is a small town located in the Cumberland Plateau region of Tennessee. The area is known for its beautiful mountain views and outdoor activities. The cost of living in this area is very affordable, with 2 bedroom rents amounting to just $700 per month. This is significantly lower than the US average rent of $1,430. Grocery costs in Silver Point are also lower than elsewhere in the country, with a grocery cost index of 97 versus the national average of 100.
The town offers residents various businesses to enjoy such as The Station House Restaurant and Bar, which serves up classic American fare with a mountain twist. There’s also Silver Point Park where locals can enjoy fishing and picnicking. Other nearby attractions include the Historic Rugby Village, Wildwood Falls Zoo, and Obed River Whitewater Rafting. With so much to offer, it's no wonder why Silver Point continues to draw people from across the state year after year!
Silver Point (zip 38582) has an unemployment rate of 4.9%. The US average is 6.0%.
Silver Point (zip 38582) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 43.3%, which is higher than the US average of 33.5%.
Tax Rates for Silver Point (zip 38582)
- The Sales Tax Rate for Silver Point (zip 38582) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Silver Point (zip 38582) 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 Silver Point (zip 38582)
- The average income of a Silver Point (zip 38582) resident is $31,309 a year. The US average is $28,555 a year.
- The Median household income of a Silver Point (zip 38582) resident is $74,375 a year. The US average is $69,021 a year.