Westlake, TX is an affluent suburb of Dallas located in Denton County. The population is estimated to be around 700 people, but the town has seen significant growth since 2000. Rent for a 2 bedroom apartment is $1,750, slightly higher than the U.S average of $1,430. Additionally, groceries cost 4% more in Westlake than the national average. Despite the higher costs, Westlake offers a comfortable lifestyle with great amenities and attractions. Some of the local businesses include sola Salon Studios, La Madeline French Bakery & Cafe and Loco Coyote Grill. Visitors can also explore some outdoor activities like hiking at Lake Grapevine or Fort Worth Nature Center and Refuge or visiting one of many museums like the Modern Art Museum of Ft Worth or Kimbell Art Museum.
Westlake has an unemployment rate of 6.9%. The US average is 6.0%.
Westlake has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Westlake
- The Sales Tax Rate for Westlake is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Westlake 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 Westlake
- The average income of a Westlake resident is $117,390 a year. The US average is $28,555 a year.
- The Median household income of a Westlake resident is $250,001 a year. The US average is $69,021 a year.