Income & Economy in Cottage Grove town, TN (38224)
Median Income
$58,828
*Adjusted for inflation (2023 dollars)
IRS Net Migration
+33
Wealth inflow
Population
923
Unemployment
5.5%
1.8pp above US avg
IRS migration statistics show a net inflow of about 33 for ZIP 38224 (Cottage Grove town, TN) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.
Historical Trends in 38224 (2020–Present)
Since 2020, population grew 16.7%, median income rose 12.9% (inflation-adjusted), home values decreased 19.3%.
Economy & Jobs key statistics
| Income & Jobs | |
|---|---|
| Median household income | $58,828 |
| Unemployment | 5.5% |
| Establishments | 15 |
| Employees | 122 |