Gibson, TN is located in Gibson County northwest of Nashville. It is a small town known for its quiet atmosphere and friendly locals. The average two bedroom rent in Gibson is $790 per month, which is considerably lower than the national average of $1,430 per month. Grocery costs are also lower in Gibson with an Index of 92 compared to 100 nationwide. Local businesses such as Johnson's Home Appliances & Furniture Store, B&B Motorsports Inc., and Crossroads Carpet & Flooring offer quality products and services at competitive prices. All these factors make the cost of living in Gibson very reasonable and attractive to potential residents looking for a peaceful environment to live in.
Gibson has an unemployment rate of 5.1%. The US average is 6.0%.
Gibson has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 36.6%, which is higher than the US average of 33.5%.
Tax Rates for Gibson
- The Sales Tax Rate for Gibson is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Gibson 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 Gibson
- The average income of a Gibson resident is $25,987 a year. The US average is $28,555 a year.
- The Median household income of a Gibson resident is $54,306 a year. The US average is $69,021 a year.