Gibbon, MN is a great place to live with its affordable rent and low cost of living. With two bedroom rent averaging around $1,000 per month and a grocery cost index of 95 compared to the US average of 100, it's easy to see why Gibbon attracts so many people looking for a good value. The city is home to many small businesses like Jim's Auto Repair, Smith's Bakery and Walz Hardware Plus. For those who love the outdoors there are plenty of opportunities for outdoor recreation including fishing in nearby lakes or visiting the local public park. Whatever your interests, Gibbon has something for everyone!
Gibbon has an unemployment rate of 5.3%. The US average is 6.0%.
Gibbon has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Gibbon
- The Sales Tax Rate for Gibbon is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Gibbon is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gibbon
- The average income of a Gibbon resident is $22,415 a year. The US average is $28,555 a year.
- The Median household income of a Gibbon resident is $40,060 a year. The US average is $69,021 a year.