Cottonwood Shores, TX is a charming and inviting small town located near the Texas Hill Country. It is known for its beautiful scenery and wide range of outdoor activities, including fishing, camping, and hiking. The cost of living in Cottonwood Shores is considerably lower than the national average; two bedroom rent is currently $1,370 compared to the national median of $1430. Likewise, grocery costs are also significantly cheaper with an index of 97 versus 100 in the US.
The local economy is supported by a number of successful businesses, such as SunSki Vending Company which offers a selection of snacks and drinks to residents and visitors alike. There's also Stoll & Son Auto Repair Inc., which provides excellent service for all kinds of cars. Additionally, there's Holyoak Accounting & Tax Services that makes sure you get your taxes done right with their reliable services.
Cottonwood Shores has an unemployment rate of 4.7%. The US average is 6.0%.
Cottonwood Shores 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 41.8%, which is higher than the US average of 33.5%.
Tax Rates for Cottonwood Shores
- The Sales Tax Rate for Cottonwood Shores is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Cottonwood Shores 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 Shores
- The average income of a Cottonwood Shores resident is $21,637 a year. The US average is $28,555 a year.
- The Median household income of a Cottonwood Shores resident is $44,871 a year. The US average is $69,021 a year.