Gilbert, IA Economy


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Gilbert, IA is a small city located in the center of Iowa. It is known for its pleasant climate and friendly people. Gilbert offers affordable living with an advantageous cost of living index score that makes it attractive to many families. The 2 bedroom rent in Gilbert costs $840 compared to the US average of $1,430 which makes it a great option for budget-conscious renters. Additionally, Gilbert's Grocery Cost Index also stands at 98 versus the 100 in the US, making it a great place for households to reduce their grocery expenses. Gilbert is home to several local businesses such as Chandler Library, E & J Auto Repair, and Handyman Home Improvement Services. With such a low cost of living, it's no wonder why so many people choose to live in Gilbert!

Gilbert has an unemployment rate of 3.0%. The US average is 6.0%.

Gilbert has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Gilbert
- The Sales Tax Rate for Gilbert is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gilbert is 9.0%. 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 $26,732 a year. The US average is $28,555 a year.
- The Median household income of a Gilbert resident is $93,333 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGilbert, IowaUnited States
  36
  -5.8%-6.2%
  32.5%33.5%
  7.0%6.2%
  7.4%4.6%
  $40,633$37,638
  $93,333$69,021
  $106,964$85,028
  Population by Occupation
  0.5%1.2%
  0.7%0.5%
  4.3%6.8%
  9.7%10.0%
  2.6%2.5%
  8.3%11.0%
  2.3%4.8%
  0.7%0.8%
  0.8%1.9%
  5.0%4.7%
  2.5%1.9%
  4.5%7.6%
  0.0%0.1%
  0.7%4.2%
  18.8%9.3%
  15.8%14.0%
  0.7%2.1%
  3.8%7.0%
  5.6%4.8%
  12.9%4.7%
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