Gifford, IL is a small city with a population of 1,300 people. It has many local businesses including Gifford State Bank, Gifford Family Pharmacy, and Blain's Farm & Fleet. The cost of living in Gifford is relatively low compared to other cities in the area and in the US as a whole. Rent for a two-bedroom apartment is $890 per month, considerably less than the US average of $1,430. Additionally, grocery costs are 94% of the national index due to lower taxes on goods and services. This makes Gifford an attractive option for those looking for an affordable place to live without sacrificing quality.
Gifford has an unemployment rate of 5.0%. The US average is 6.0%.
Gifford 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 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Gifford
- The Sales Tax Rate for Gifford is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Gifford is 5.0%. The US average is 4.6%.
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Income and Salaries for Gifford
- The average income of a Gifford resident is $38,177 a year. The US average is $37,638 a year.
- The Median household income of a Gifford resident is $66,528 a year. The US average is $69,021 a year.