Gallatin, TN is an affordable city with a great lifestyle. Home to several thriving businesses, Gallatin has become a cornerstone of the state's economy. Some local companies in Gallatin include the Tennessee Valley Authority, Dollar General, and Sumner Regional Medical Center. 2 Bedroom Rent in Gallatin is $1,180 compared to the national average of $1,430. Additionally, the Grocery Cost Index in Gallatin is 101 versus 100 in the US, making it a great place for people looking for more money in their pockets.
Gallatin has an unemployment rate of 5.0%. The US average is 6.0%.
Gallatin has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 54.8%, which is higher than the US average of 33.5%.
Tax Rates for Gallatin
- The Sales Tax Rate for Gallatin is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Gallatin is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gallatin
- The average income of a Gallatin resident is $25,755 a year. The US average is $28,555 a year.
- The Median household income of a Gallatin resident is $62,881 a year. The US average is $69,021 a year.