Gibraltar, MI is a small city in Wayne County. It is a great place to live with affordable rent and cost of living. The average 2 bedroom rent in the city is $1,120 which is significantly lower than the US average of $1,430. In addition, the Grocery Cost Index in Gibraltar is 95 compared to the US index of 100. Residents can enjoy local amenities such as local businesses like Ginny's Place restaurant, 8 Degrees Plato Beer Co., and Gibraltar Trade Center. Other nearby attractions include Detroit River International Wildlife Refuge and Belle Isle Park for outdoor activities as well as Lake Erie Metropark for family fun.
Gibraltar has an unemployment rate of 5.6%. The US average is 6.0%.
Gibraltar has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Gibraltar
- The Sales Tax Rate for Gibraltar is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gibraltar is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gibraltar
- The average income of a Gibraltar resident is $34,046 a year. The US average is $37,638 a year.
- The Median household income of a Gibraltar resident is $75,998 a year. The US average is $69,021 a year.