Gibsonville, NC offers an affordable cost of living with two bedroom rent averaging at $1,010 compared to the US average of $1,430. Additionally, the grocery cost index in Gibsonville is 96 versus the US average of 100, making groceries more affordable. Not only is it one of the most affordable places to live in North Carolina, but Gibsonville also has a vibrant economy with fantastic local companies. Some major employers in Gibsonville are Volvo Trucks North America Inc., Cone Health- Alamance Regional Medical Center, United Natural Foods Inc., and Congoleum Corporation. Along with these great job opportunities for residents comes a host of recreational activities and natural attractions including Cedarock Park where visitors can fish from their docks or enjoy camping under its beautiful wooded canopy. With its combination of a low cost of living and excellent employment opportunities, it's no wonder that Gibsonville remains one of North Carolina's most desirable places to live.
Gibsonville has an unemployment rate of 5.3%. The US average is 6.0%.
Gibsonville has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 32.1%, which is lower than the US average of 33.5%.
Tax Rates for Gibsonville
- The Sales Tax Rate for Gibsonville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gibsonville is 5.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gibsonville
- The average income of a Gibsonville resident is $25,798 a year. The US average is $28,555 a year.
- The Median household income of a Gibsonville resident is $89,073 a year. The US average is $69,021 a year.