The city of Gibbon, Minnesota (55335) is a great place to call home. The cost of living is very reasonable; with a two bedroom rental costing $990 compared to the national average of $1,430. Grocery costs are also quite low with the index being 95 versus 100 in the US.
The city offers several amenities for its residents including family-friendly parks such as Butler Park and State Street Park, which provide great recreational opportunities for families. There are many local businesses including restaurants like Burger King and China Wang Buffet, grocery stores such as Cub Foods and Byerly's Grocery Store, and fitness facilities such as Anytime Fitness. Additionally, there are plenty of shopping options at stores ranging from Target to Walmart.
Gibbon (zip 55335) has an unemployment rate of 5.3%. The US average is 6.0%.
Gibbon (zip 55335) has seen the job market decrease by -2.9% over the last year. Future job growth over the next ten years is predicted to be 29.8%, which is lower than the US average of 33.5%.
Tax Rates for Gibbon (zip 55335)
- The Sales Tax Rate for Gibbon (zip 55335) is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Gibbon (zip 55335) is 7.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Gibbon (zip 55335)
- The average income of a Gibbon (zip 55335) resident is $31,344 a year. The US average is $37,638 a year.
- The Median household income of a Gibbon (zip 55335) resident is $46,774 a year. The US average is $69,021 a year.