Farmers Branch, TX, located in North Texas, is an affordable place to live with 2 bedroom rent averaging $1,620 compared to $1,430 in the US. The cost of living is higher than the US overall with Grocery Cost Index being 101 versus 100 in the US. It is home to several companies including Bimbo Bakeries USA, Petmate, Ecoflo Products Inc., and Kontoor Brands. Although Farmers Branch's 2 bedroom rent is slightly more expensive than that of the national average, its other costs remain competitively equal or lower when compared to nationwide averages. This makes it an ideal location for those looking for a balanced lifestyle without sacrificing quality of life .
Farmers Branch has an unemployment rate of 5.9%. The US average is 6.0%.
Farmers Branch has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 57.9%, which is higher than the US average of 33.5%.
Tax Rates for Farmers Branch
- The Sales Tax Rate for Farmers Branch is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Farmers Branch 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 Farmers Branch
- The average income of a Farmers Branch resident is $28,738 a year. The US average is $28,555 a year.
- The Median household income of a Farmers Branch resident is $77,306 a year. The US average is $69,021 a year.