Gibson, MI is a small town located in Michigan with an estimated population of 1,000 people. The town has all the basic amenities and services that one would need to live comfortably including two bedroom apartments which cost $980 on average when compared to the US average of $1,430. The grocery cost index in Gibson, MI is also lower than the national average at 90 as oppose to 100. \nThe economy in Gibson is supported by several local companies such as: Valicor Environmental Services LLC, Emerald Transloading LLC, Ryan and Associates Inc., Bloomfield Paving Co., and Stafford Sand & Gravel Inc. While it may be a small town, it still contributes positively to its state's Gross Domestic Product (GDP). In 2018 alone Michigan's GDP was estimated to be 584 Billion dollars.
Gibson has an unemployment rate of 6.4%. The US average is 6.0%.
Gibson has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Gibson
- The Sales Tax Rate for Gibson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gibson 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 Gibson
- The average income of a Gibson resident is $37,918 a year. The US average is $37,638 a year.
- The Median household income of a Gibson resident is $52,500 a year. The US average is $69,021 a year.