Amherst, TX is a great place to live with many local businesses. The 2 bedroom rent in Amherst is much lower than the average 2 bedroom rent in the United States at $740 compared to $1,430 respectively. This is also true of groceries, with a cost index of 87 versus 100 for the US. Local companies such as Big Creek Farms, Silver Creek Baptist Church, and Shear Perfection provide services and products to residents on a daily basis. Overall, Amherst is an affordable place to live and offers great amenities for those looking for a small town lifestyle.
Amherst has an unemployment rate of 5.9%. The US average is 6.0%.
Amherst has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Amherst
- The Sales Tax Rate for Amherst is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Amherst 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 Amherst
- The average income of a Amherst resident is $15,284 a year. The US average is $28,555 a year.
- The Median household income of a Amherst resident is $55,357 a year. The US average is $69,021 a year.