Gaston, Indiana is a small town located in Huntington County. It has a population of less than 500 people. Despite its size, Gaston offers many opportunities for residents and visitors alike. There are many small businesses in the area such as restaurants, bars, stores, and boutiques that serve the local community. The cost of living in Gaston is relatively low which makes it an attractive option for people looking to relocate. The average 2 bedroom rent in Gaston is $830 whereas the US average 2 bedroom rent is $1,430. Moreover, the grocery cost index in Gaston is 92 compared to 100 in the US making it cheaper to buy groceries there.
These factors contribute positively to Gaston's local economy by providing affordable housing options as well as lower prices on food items for residents and visitors alike. This can help attract more people to come into the area and potentially create more jobs in the process. Furthermore, locals have access to a variety of amenities due to the presence of these businesses which ultimately benefits both them and their local economy.
Gaston has an unemployment rate of 5.0%. The US average is 6.0%.
Gaston has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 31.7%, which is lower than the US average of 33.5%.
Tax Rates for Gaston
- The Sales Tax Rate for Gaston is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gaston is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gaston
- The average income of a Gaston resident is $17,556 a year. The US average is $28,555 a year.
- The Median household income of a Gaston resident is $49,028 a year. The US average is $69,021 a year.