Springtown, TX is a great place to live and raise a family with its affordable rent costs compared to the US. With 2 bedroom rents averaging $1,340, which is substantially lower than the US average of $1,430, Springtown is an attractive option for those looking for affordability and quality lifestyle. In addition to rent costs, grocery cost indices are also lower in Springtown with a score of 96 versus 100 in the US. This makes living in Springtown even more affordable. The city offers great local businesses including Joe's Grocery Mart, JS Printing Services, and Phillip's Automotive Repair. These businesses offer residents top-notch services at competitive prices making it easier to maintain an affordable cost of living.
Springtown has an unemployment rate of 5.7%. The US average is 6.0%.
Springtown has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 41.8%, which is higher than the US average of 33.5%.
Tax Rates for Springtown
- The Sales Tax Rate for Springtown is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Springtown 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 Springtown
- The average income of a Springtown resident is $27,707 a year. The US average is $28,555 a year.
- The Median household income of a Springtown resident is $62,955 a year. The US average is $69,021 a year.