Gallatin, TX is a small town located in northeast Texas and is known for its tight-knit community and low cost of living. The average rent for a two-bedroom apartment is $860, much lower than the national average of $1,430. Grocery costs in Gallatin are also quite reasonable, with an index of 88 as compared to 100 in the US. Local businesses include Big O Tires, Gallatin Tire and Automotive Repair, and Custom Ink Screen Printing. The lower cost of living makes this an attractive place to live for young families looking to save on expenses without sacrificing quality services that these companies provide.
Gallatin has an unemployment rate of 7.6%. The US average is 6.0%.
Gallatin has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Gallatin
- The Sales Tax Rate for Gallatin is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gallatin 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 Gallatin
- The average income of a Gallatin resident is $23,596 a year. The US average is $28,555 a year.
- The Median household income of a Gallatin resident is $69,125 a year. The US average is $69,021 a year.