Bay City, TX is a great city to live in for those looking for an affordable lifestyle. It has a 2 bedroom rent of $850 compared to the US average of $1,430 which makes it an attractive option for many. The cost of groceries in Bay City is much lower than in other parts of the US, with a grocery cost index of 95 versus 100 across the country. This gives residents more purchasing power with their money. There are many local businesses in Bay City as well such as Tex-Mex Cafe, Bobs BBQ Shack, and The Auto Shop that provide quality services and products for locals and visitors alike. All in all, Bay City is perfect for those looking to save some money while still enjoying the amenities found in most towns.
Bay City has an unemployment rate of 9.9%. The US average is 6.0%.
Bay City has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 21.0%, which is lower than the US average of 33.5%.
Tax Rates for Bay City
- The Sales Tax Rate for Bay City is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Bay City 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 Bay City
- The average income of a Bay City resident is $21,373 a year. The US average is $28,555 a year.
- The Median household income of a Bay City resident is $46,171 a year. The US average is $69,021 a year.