Balch Springs, TX is a growing suburb of Dallas and an important member of the Dallas-Fort Worth Metroplex. With its convenient location and reasonable two bedroom rent rate of $1,460, it has become an increasingly popular place to live for people who want to be close to the big city but also have a more suburban lifestyle. The grocery cost index in Balch Springs is 96 compared to 100 in the US, which makes it a great place for families looking for affordable living expenses. There are plenty of local companies operating in Balch Springs such as Walmart Supercenter, Lowe's Home Improvement Store and Tractor Supply Co plus other local businesses. As far as attractions are concerned, the city has many parks with playgrounds and walking trails like Elsie Finnigan Park; art galleries like Galeria Espanola; and entertainment venues like Buckner Skate Center. All these amenities make Balch Springs an ideal spot for young professionals or families looking for some quiet suburban living near all the big city action.
Balch Springs has an unemployment rate of 8.7%. The US average is 6.0%.
Balch Springs has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 39.4%, which is higher than the US average of 33.5%.
Tax Rates for Balch Springs
- The Sales Tax Rate for Balch Springs is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Balch Springs 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 Balch Springs
- The average income of a Balch Springs resident is $14,871 a year. The US average is $28,555 a year.
- The Median household income of a Balch Springs resident is $55,817 a year. The US average is $69,021 a year.