Ferris, TX is a small town located in Ellis County with a population of around 2,500 people. It is a great place to live for residents looking for a peaceful and quiet atmosphere. The cost of living in Ferris is quite reasonable compared to the US. The average rent for a two-bedroom apartment is $1,390 per month, while the national average is only slightly higher at $1,430. The grocery cost index in Ferris is 96 versus 100 in the US which demonstrates that local groceries are much more affordable than other locations. Local businesses include Ferris Vacuum Center, Ferris Glass Company, and Texas Pawn & Loan Co., all of which provide necessary services to residents of Ferris. In conclusion, Ferris provides an affordable and enjoyable living experience with plenty of local businesses to support its friendly community.
Ferris has an unemployment rate of 5.8%. The US average is 6.0%.
Ferris 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 48.7%, which is higher than the US average of 33.5%.
Tax Rates for Ferris
- The Sales Tax Rate for Ferris is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Ferris 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 Ferris
- The average income of a Ferris resident is $18,686 a year. The US average is $28,555 a year.
- The Median household income of a Ferris resident is $64,725 a year. The US average is $69,021 a year.