Gumbranch, GA Economy


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Gumbranch, GA is a great place to live for those looking for an affordable lifestyle. The 2 bedroom rent in Gumbranch is around $1,110 per month, which is significantly lower than the US average of $1,430. The grocery cost index in Gumbranch is 96 compared with 100 in the US; this means groceries are slightly cheaper here than in other parts of the country. \nThe city offers a variety of local businesses such as Yancey Auto Parts, All-in-One Fitness Center, Piedmont Travel Agency, and Shabazz Barbershop. These businesses provide employment opportunities and goods and services to the community. Furthermore, with its low rent rates and relatively inexpensive groceries, Gumbranch offers an economical yet comfortable lifestyle for both individuals and families alike.

Gumbranch has an unemployment rate of 4.1%. The US average is 6.0%.

Gumbranch has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.

Tax Rates for Gumbranch
- The Sales Tax Rate for Gumbranch is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gumbranch is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Gumbranch
- The average income of a Gumbranch resident is $18,515 a year. The US average is $28,555 a year.
- The Median household income of a Gumbranch resident is $66,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGumbranch, GeorgiaUnited States
  4.16
  -3.3%-6.2%
  37.9%33.5%
  7.0%6.2%
  5.8%4.6%
  $16,662$37,638
  $66,250$69,021
  $88,906$85,028
  Population by Occupation
  3.3%1.2%
  1.3%0.5%
  5.9%6.8%
  0.0%10.0%
  3.3%2.5%
  1.3%11.0%
  2.0%4.8%
  1.3%0.8%
  0.0%1.9%
  1.3%4.7%
  0.0%1.9%
  1.3%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  10.5%14.0%
  0.0%2.1%
  30.1%7.0%
  7.8%4.8%
  30.7%4.7%
Health
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