Cottonwood, TX is a small town located in Central Texas. It is known for its friendly people, beautiful scenery, and quaint downtown area. The average 2 bedroom rent in Cottonwood is $1,530 compared to the national average of $1,430. The cost of groceries here is also lower than the national average with an index rating of 97 versus 100 in the US. Some of the major companies headquartered in Cottonwood are Advanced Plating Technologies and Fields Equipment Company. Cottonwood has a population of approximately 1,000 people, providing a close-knit community atmosphere that many residents enjoy.
Cottonwood has an unemployment rate of 6.3%. The US average is 6.0%.
Cottonwood has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 49.1%, which is higher than the US average of 33.5%.
Tax Rates for Cottonwood
- The Sales Tax Rate for Cottonwood is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood 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 Cottonwood
- The average income of a Cottonwood resident is $26,538 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood resident is $113,750 a year. The US average is $69,021 a year.