Gibson, IN County is a great place to call home. The 2 bedroom rent of $830 is much lower than the national average of $1,430, making it an attractive option for those looking for affordability. It also has a Grocery Cost Index of 91 as compared to 100 in the US, which means that groceries are more affordable in Gibson County. The local economy is driven by several sectors such as manufacturing, agriculture and tourism. Several successful companies within the county include Gibson Industries, Gibson Farms and Gibsons Tours. Manufacturing contributes significantly to the area's economy with many companies producing clothing, furniture and electronics. Agriculture is also an important part of the economy with a wide range of crops grown including corn, soybeans and wheat. Tourism is flourishing due to its close proximity to state parks and recreation areas. With so much to offer economically, living in Gibson County is definitely an attractive option!
Gibson County has an unemployment rate of 3.4%. The US average is 6.0%.
Gibson County has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Gibson County
- The Sales Tax Rate for Gibson County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Gibson County is 3.7%. 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 $28,521 a year. The US average is $37,638 a year.
- The Median household income of a Gibson County resident is $59,697 a year. The US average is $69,021 a year.