Gibson, TN County is an ideal place to live and work. The county has an affordable cost of living with a two bedroom rental rate of $750 compared to the US average of $1,430. Additionally, the grocery cost index is 92 compared to the US 100, making it even more affordable. There are many local companies such as Blue Oak Farms, Gibson Feed Mill and Gibson Family Pharmacy that offer quality services and products to the community. With an economic climate better than most places in the country, Gibson County is a great place to call home.
Gibson County has an unemployment rate of 5.1%. The US average is 6.0%.
Gibson County 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 County
- The Sales Tax Rate for Gibson County is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Gibson County 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 County
- The average income of a Gibson County resident is $20,189 a year. The US average is $28,555 a year.
- The Median household income of a Gibson County resident is $49,615 a year. The US average is $69,021 a year.