Gainesboro, TN is a small town in Tennessee with beautiful rolling hills and a population of around 2,300 people. The cost of living in Gainesboro is quite affordable; rent for a two bedroom is $760 compared to the US average of $1,430. Furthermore, the grocery cost index in Gainesboro is 92 against 100 nationally. Some well-known local companies include K & D Oil Company which offers agricultural fuel services, GAC Foodstores which provides quality food items to local residents, and H&H Automotive which provides automotive repair services. All these companies work together to ensure the continued success of the Gainesboro community.
Gainesboro has an unemployment rate of 5.9%. The US average is 6.0%.
Gainesboro has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Gainesboro
- The Sales Tax Rate for Gainesboro is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Gainesboro 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 Gainesboro
- The average income of a Gainesboro resident is $18,704 a year. The US average is $37,638 a year.
- The Median household income of a Gainesboro resident is $33,281 a year. The US average is $69,021 a year.