Gainesville, TX is a small city located in the North Texas region with a population of around 16,000 people. This city offers an affordable cost of living with the average two bedroom rent costing $1,080 compared to the US 2 Bedroom Rent of $1,430. The Grocery Cost Index in Gainesville is 95 versus the US index of 100 which shows that buying groceries in Gainesville can be quite economical. The city has a few notable companies such as the Tyson Foods Inc., Ener-Tel Services, Inc., and White Construction Co., Inc. A unique fact about Gainesville is that it was named after General Edmund Pendleton Gaines who served during the War of 1812 and defeated British forces at New Orleans.
Gainesville has an unemployment rate of 6.7%. The US average is 6.0%.
Gainesville has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 15.7%, which is lower than the US average of 33.5%.
Tax Rates for Gainesville
- The Sales Tax Rate for Gainesville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Gainesville 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 Gainesville
- The average income of a Gainesville resident is $20,623 a year. The US average is $28,555 a year.
- The Median household income of a Gainesville resident is $47,164 a year. The US average is $69,021 a year.