Gibbs, North Dakota is a small town with a population of about 2,000 people. It is located in the northern part of the state and is known for its rural beauty. The cost of living in Gibbs is fairly low compared to the rest of the country; two-bedroom rent averages around $1,000 per month while the national average is $1,430. Additionally, grocery costs are slightly lower than other parts of the U.S., as evidenced by a grocery cost index rating of 102 versus 100 in the U.S. The town is home to several local businesses such as Hansen's Hardware Store and Wilma's Grocery Store which are popular amongst residents. All in all, Gibbs offers an affordable way to live with plenty of local amenities that make life enjoyable.
Gibbs has an unemployment rate of 4.1%. The US average is 6.0%.
Gibbs has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 30.0%, which is lower than the US average of 33.5%.
Tax Rates for Gibbs
- The Sales Tax Rate for Gibbs is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Gibbs is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gibbs
- The average income of a Gibbs resident is $35,982 a year. The US average is $28,555 a year.
- The Median household income of a Gibbs resident is $111,445 a year. The US average is $69,021 a year.