Gibbstown, NJ is a small town with a great quality of life. It has a low cost of living, with average two bedroom rent at $1,360 and grocery cost index at 103 compared to the US average of 100. The town is known for its diverse mix of industries, ranging from manufacturing to agriculture. Local companies include Gibbstown Woodworking Company which specializes in custom furnishings and cabinets, as well as Gibbstown Automotive which provides quality automotive services. There are also many local services that cater to the needs of the community such as Cara Bella Day Spa for relaxation treatments and Top Notch Painting & Repair for home improvement projects. All in all, Gibbstown is an attractive place to live with plenty of options for work and leisure activities.
Gibbstown has an unemployment rate of 7.3%. The US average is 6.0%.
Gibbstown has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Gibbstown
- The Sales Tax Rate for Gibbstown is 6.6%. The US average is 7.3%.
- The Income Tax Rate for Gibbstown is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gibbstown
- The average income of a Gibbstown resident is $37,524 a year. The US average is $28,555 a year.
- The Median household income of a Gibbstown resident is $86,181 a year. The US average is $69,021 a year.