Gilbert, WV is a small rural town located in Mingo County. The cost of living is relatively low compared to the US average with an average two bedroom rent at $650 versus $1,430 in the US. Grocery costs are also lower in Gilbert than the US average with a grocery cost index of 94 compared to 100 for the US. The local economy is supported by companies such as Gilbert Machine Works which provides engineering services as well as Callon Coal Company, which operates open pit and underground mining operations in the region. The low rents and grocery costs make Gilbert an attractive locale for those looking for more affordable living conditions without giving up access to modern conveniences.
Gilbert has an unemployment rate of 9.9%. The US average is 6.0%.
Gilbert has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 14.9%, which is lower than the US average of 33.5%.
Tax Rates for Gilbert
- The Sales Tax Rate for Gilbert is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gilbert is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gilbert
- The average income of a Gilbert resident is $24,224 a year. The US average is $28,555 a year.
- The Median household income of a Gilbert resident is $49,063 a year. The US average is $69,021 a year.