Gandy, NE is a small town in the midwestern United States with an estimated population of under 500 people. The cost of living in Gandy is quite low, with a 2 bedroom rent averaging at $940 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Gandy is 95 versus 100 in the US. Given the cheaper costs overall, Gandy appeals to those who want to live simply and without breaking the bank.
The primary local business in Gandy is Kappen’s Garage and Repair Shop, which provides customers with auto repair services. There is also a gas station and convenience store called Vold’s Corner Store that serves as a reliable source of groceries for locals. Finally, Summertime Cafe is a popular diner providing patrons with homemade meals and friendly service.
Gandy's economy relies heavily on its local businesses like Kappen's Garage and Repair Shop, Vold's Corner Store and Summertime Cafe. With few jobs available due to its size, many residents rely on these shops for employment or contract labor opportunities as well as other necessities such as food or auto repair services. Despite its small size and limited job opportunities within town limits, Gandy remains an attractive place to live due to its low cost of living.
Gandy has an unemployment rate of 1.7%. The US average is 6.0%.
Gandy has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 17.1%, which is lower than the US average of 33.5%.
Tax Rates for Gandy
- The Sales Tax Rate for Gandy is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Gandy is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gandy
- The average income of a Gandy resident is $23,185 a year. The US average is $28,555 a year.
- The Median household income of a Gandy resident is $60,417 a year. The US average is $69,021 a year.