37840 Oliver Springs, TN is a small town in Anderson County with a population of 2,608 as of the 2010 census. It is situated along the Clinch River and offers residents a tranquil atmosphere and access to nearby outdoor activities. The two bedroom rent price in the area is significantly lower than the national average at $950 per month compared to $1,430. Prices on grocery items are also lower with a Grocery Cost Index of 95 versus 100 in the US.
Oliver Springs has several local businesses including The Corner Coffee House & Bakery which offers fresh baked goods and coffee. Other options include Country Corner Market for groceries and Greenbrier Ready Mix for concrete products. US Post Office and Dollar General are popular stores found within the community.
Overall, living in 37840 Oliver Springs is peaceful yet convenient with easy access to necessary amenities such as schools, restaurants, shops and medical services. With its low cost of living combined with scenic surroundings, this charming town can be an ideal place for families or individuals looking for a change of pace from city life.
Oliver Springs (zip 37840) has an unemployment rate of 5.5%. The US average is 6.0%.
Oliver Springs (zip 37840) has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Oliver Springs (zip 37840)
- The Sales Tax Rate for Oliver Springs (zip 37840) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Oliver Springs (zip 37840) is 0.0%. The US average is 4.6%.
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Income and Salaries for Oliver Springs (zip 37840)
- The average income of a Oliver Springs (zip 37840) resident is $30,443 a year. The US average is $37,638 a year.
- The Median household income of a Oliver Springs (zip 37840) resident is $53,702 a year. The US average is $69,021 a year.