Gates, TN is a small city located in the northwest region of Tennessee. It’s population size is not included in the content given but it has an affordable 2 bedroom rent price compared to the rest of the US at $720. Not only do citizens benefit from lower rent prices they also have a Grocery Cost Index of 89 which is 11 points lower than the US index. In terms of businesses and local activities there’s plenty to explore in Gates, TN. The city includes several popular stores such as Walmart, Kroger, Home Depot, and various local restaurant chains like El Charro Mexican Restaurant and Los Portales Mexican Restaurants. There are also multiple parks for outdoor activities such as Monroe Park, Bicentennial Park, and Woods Reservoir Park that are great for families or individuals looking for an outdoor adventure.
Gates has an unemployment rate of 6.6%. The US average is 6.0%.
Gates has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Gates
- The Sales Tax Rate for Gates is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Gates is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gates
- The average income of a Gates resident is $11,099 a year. The US average is $28,555 a year.
- The Median household income of a Gates resident is $33,750 a year. The US average is $69,021 a year.