Gypsy, WV is a small town located in the Appalachian Mountains with an estimated population of 441 people. Renting a 2 bedroom apartment is much more affordable than the national average, costing only $810 compared to the US two bedroom rent of $1,430. Grocery costs are also lower in Gypsy; the grocery cost index is 93 compared to 100 in the US. The local economy is largely supported by small business owners such as Hazel Run Nursery which offers a variety of plants, trees and shrubs, and Gypsy Corner Market, which sells fresh produce and other groceries. In addition to its local businesses, Gypsy boasts several tourist attractions including Liberty Lake Park where visitors can enjoy walking trails and fishing.
Gypsy has an unemployment rate of 5.8%. The US average is 6.0%.
Gypsy has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Gypsy
- The Sales Tax Rate for Gypsy is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gypsy is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gypsy
- The average income of a Gypsy resident is $12,591 a year. The US average is $28,555 a year.
- The Median household income of a Gypsy resident is $16,618 a year. The US average is $69,021 a year.