The small town of Gilmer, Texas (zip code 75644) has an overall low cost of living when compared to the US average. The 2 bedroom rent is $930 per month versus a national average of $1,430. Grocery items in Gilmer are also relatively inexpensive, with a local grocery cost index of 92 compared to the 100 index nationwide.
The city is home to several small businesses such as Gilmer Country Store & Meat Market, which offers fresh-cut meats and produce; Richland Creek Mercantile which sells vintage clothing and furniture; and Hi-Way 80 Music Hall where local musicians can showcase their talents. Additionally, Gilmer has several restaurants including Jalisco Mexican Grill, El Charro Mexican Restaurant, Brangus Burger Joint and more.
When it comes to cost of living in Gilmer Texas, residents can enjoy affordable housing costs and grocery shopping without sacrificing quality or convenience. The comparison to US cost of living shows that for 2 bedroom rental units as well as groceries, living in this quaint town will save you money while still providing you with all the amenities you need.
Gilmer (zip 75644) has an unemployment rate of 7.7%. The US average is 6.0%.
Gilmer (zip 75644) has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Gilmer (zip 75644)
- The Sales Tax Rate for Gilmer (zip 75644) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gilmer (zip 75644) 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 Gilmer (zip 75644)
- The average income of a Gilmer (zip 75644) resident is $24,541 a year. The US average is $37,638 a year.
- The Median household income of a Gilmer (zip 75644) resident is $45,769 a year. The US average is $69,021 a year.