Gates, TN (population 38037) is a small rural township located in the Mid-South United States. It has a low cost of living compared to other parts of the country; for example, the average two bedroom rent in Gates is only $720 per month, while the US average is $1,430. The grocery cost index in Gates is 89 versus 100 in the US. This makes it an attractive place for those looking to save money on their everyday expenses. Businesses in Gates include discount stores such as Walmart and Dollar Tree, restaurants including Applebee's and Cracker Barrel, and entertainment venues like Cinemark theaters. Gates also boasts numerous small local businesses such as old-fashioned diners and specialty shops that feature products from native artisans.
Gates (zip 38037) has an unemployment rate of 6.6%. The US average is 6.0%.
Gates (zip 38037) has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Gates (zip 38037)
- The Sales Tax Rate for Gates (zip 38037) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Gates (zip 38037) 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 Gates (zip 38037)
- The average income of a Gates (zip 38037) resident is $17,517 a year. The US average is $37,638 a year.
- The Median household income of a Gates (zip 38037) resident is $33,933 a year. The US average is $69,021 a year.