Cost of Living - Fact Sheet
Labor (June 2006)
Income (2004)
Percent of Households by Effective Buying Income
Number of Households
Retail Sales (2005)
Financial Institutions
AmSouth
Bank of Putnam County
Citizens Bank
Clayton Bank & Trust
Community Bank
First National Bank of the Cumberlands
First Tennessee Bank NA
First Volunteer Bank
Jackson Bank & Trust
Putnam 1st Mercantile Bank
Regions Bank
US Bank
Automobile Registrations
2006 (EST) 103,000
Tax Collections (2007)
Property Tax (Rate per $100) at 25% of assessed value
Assessment
COOKEVILLE (FY 2006)
Sales Tax Summary
Putnam County(FY 2006)
Analysis Of County Tax Rate (FY 2006)
Revised: December 2006
COST OF LIVING
According to the American Chamber of Commerce Researchers Association (ACCRA), Cookeville remains one of the top 5 most economical cities in the nation (Fourth Quarter, 2005). The survey uses 100 as the national average.
RETIREMENT LIVING
Rand McNally ranks Cookeville as being one of the top 10 best places in America for retirement living. Each of the 107 places was rated by criteria that most persons planning for retirement deem highly important.
AMERICA'S TOP 10 RETIREMENT PLACES
POPULATION - 2006
CLIMATE
| Total Labor Force | 33,700 |
| Total Employment | 32,070 |
| Total Unemployment | 1,630 |
| Rate | 5.5 % |
Income (2004)
| Total Personal Income | $1,690,338,000 |
| Per Capita Income | $39,553 |
| Median Household Income | $25,713 |
Percent of Households by Effective Buying Income
| Income | County % |
| $0 - $19,999 | 34.4 |
| $20,000 - $34,999 | 24.7 |
| $35,000 - $49,999 | 16.1 |
| $50,000 + | 24.8 |
Number of Households
| Cookeville | 8,563 |
| Algood | 938 |
| Baxter | 527 |
| Monterey | 1,010 |
| Putnam County | 24,000 |
Retail Sales (2005)
| Apparel & Accessory Stores | $38,937,000.00 |
| Building, Materials | $123,190,000.00 |
| Food | $196,236,000.00 |
| Eating & Drinking Places | $106,962,000.00 |
| Gasoline Service Stations | $77,691,000.00 |
| General Merchandise | $222,831,000.00 |
| Auto, Boats, Aircraft | $230,757,000.00 |
| Furniture & Home Furnishings | $34,381,000.00 |
| Other Retail | $129,613,000.00 |
| Gross Total | $1,160,598,000.00 |
Financial Institutions
AmSouth
Bank of Putnam County
Citizens Bank
Clayton Bank & Trust
Community Bank
First National Bank of the Cumberlands
First Tennessee Bank NA
First Volunteer Bank
Jackson Bank & Trust
Putnam 1st Mercantile Bank
Regions Bank
US Bank
Combined Assets - June 2007
$1,000,000,000
Area And Elevation
Elevation: 1,140 ft. above sea level
| Cookeville | 26.86 Square Miles |
| Cookeville | 17,186 Acres |
| Putnam County | 401 Square Miles |
| Putnam County | 256,640 Acres |
| Elevation | 1140' Above Sea Level |
Automobile Registrations
2006 (EST) 103,000
Tax Collections (2007)
Property Tax (Rate per $100) at 25% of assessed value
| City Clerk's Phone | Tax Rate per $100 | |
| Cookeville | 526-9591 | $0.88 |
| Algood | 537-9545 | $0.78 |
| Baxter | 858-4111 | $1.65 |
| Monterey | 839-2323 | $1.02 |
| Putnam County | 526-2161 | $2.6025 |
Assessment
| Public Utilities | 55% |
| Commercial/Industrial | 40% |
| Residential/Farm | 25% |
COOKEVILLE (FY 2006)
| Business Tax | $853,817.09 |
| Beer Tax | $979,582.49 |
Sales Tax Summary
| State | 7.00 % |
| County | 2.75 % |
| Total | 9.75 % |
Putnam County(FY 2006)
| Gas Tax | $1,927,617.00 |
| Beer Tax | $215,669.00 |
| Hotel/Motel Tax | $762,202.00 |
Analysis Of County Tax Rate (FY 2006)
| General Purpose Schools | $0.92 |
| County General | $0.72 |
| General Road | $0.09 |
| Debt Service | $0.46 |
| Solid Waste/Sanitation | $0.21 |
| Economic Development | $0.03 |
| Capital Projects | $0.02 |
| Total Tax Rate | $2.45 |
COST OF LIVING
According to the American Chamber of Commerce Researchers Association (ACCRA), Cookeville remains one of the top 5 most economical cities in the nation (Fourth Quarter, 2005). The survey uses 100 as the national average.
| All Items |
Grocery | Housing | Util. | Trans. | Health Care |
Misc. |
| 80.9 | 84.5 | 72.5 | 77.4 | 80.7 | 87.3 | 87.0 |
RETIREMENT LIVING
Rand McNally ranks Cookeville as being one of the top 10 best places in America for retirement living. Each of the 107 places was rated by criteria that most persons planning for retirement deem highly important.
AMERICA'S TOP 10 RETIREMENT PLACES
|
1. Brevard, NC 2. Asheville, NC 3. Clarkesville/Mount Airy, NC 4. Crossville, TN 5. Lexington/Fayette, KY |
6. Las Cruces, NM 7. Harrison, AR 8. Roswell, NM 9. COOKEVILLE, TN 10. Camden/Penobscot Bay, ME |
POPULATION - 2006
| Algood | 2,942 |
| Baxter | 1,279 |
| Corporate Cookeville | 27,000 |
| Greater Cookeville | 42,000 |
| Monterey | 2,717 |
| Putnam County | 68,000 |
CLIMATE
| Annual Average Temperature | 57.0 F |
| Monthly Average High | |
| January | 37.0 F |
| July | 75.8 F |
| Monthly Average Low | |
| January | 38.1 F |
| July | 67.2 F |
| Average Annual Precip. | 51" |
| Average Annual Snowfall | 8" |
