Gainesboro, TN (population 38562) is a small town located in Jackson County. It is an ideal place to live as it offers a relatively low 2 bedroom rent of $750 per month as well as a lower than average grocery cost index of 92 compared to the US average of 100. Local businesses in Gainesboro include Sunny's Bait Shop, Stop & Go Mini Mart, Gainesboro Grocery, and Brown's Family Farm Market. Furthermore, there are many restaurants and entertainment options that make living in this area enjoyable. With its lower cost of living and ample amenities, Gainesboro is an attractive option for those looking for affordable housing and a picturesque setting.
Gainesboro (zip 38562) has an unemployment rate of 5.9%. The US average is 6.0%.
Gainesboro (zip 38562) 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 (zip 38562)
- The Sales Tax Rate for Gainesboro (zip 38562) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Gainesboro (zip 38562) 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 (zip 38562)
- The average income of a Gainesboro (zip 38562) resident is $18,878 a year. The US average is $28,555 a year.
- The Median household income of a Gainesboro (zip 38562) resident is $42,446 a year. The US average is $69,021 a year.