Cranfills Gap, TX is a small town located in Bosque County. Despite its size, Cranfills Gap has many amenities and a charming atmosphere. The rent for a two-bedroom home is much lower than the US average, at only $850 per month. Additionally, the cost of groceries in Cranfills Gap is slightly lower than the national average, with an index of 94 versus 100 in the US.
There are several companies operating in Cranfills Gap that provide goods and services to local residents such as Robinson Automotive, Teague Livestock & Feed Supply Co., and JL’s Good Time Bar & Grill. These businesses contribute to Cranfills Gap's economy and help make it an enjoyable place to live.
Cranfills Gap has an unemployment rate of 5.6%. The US average is 6.0%.
Cranfills Gap has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Cranfills Gap
- The Sales Tax Rate for Cranfills Gap is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Cranfills Gap 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 Cranfills Gap
- The average income of a Cranfills Gap resident is $41,789 a year. The US average is $28,555 a year.
- The Median household income of a Cranfills Gap resident is $41,563 a year. The US average is $69,021 a year.