Garrett, TX is a small town with an estimated population of 1,559 people according to DataUSA. It is located close to both Dallas and Fort Worth making it an ideal location for those who want to live close to the city while enjoying a small-town vibe. Renting a 2 bedroom apartment in Garrett costs approximately $1,270, which is slightly lower than the average US rate of $1,430. Additionally, grocery costs are also cheaper with a grocery cost index in Garrett coming in at 96 versus 100 in the US. Some popular local businesses include The Beer Store, Arellano's TexMex Restaurant & Bar and Rios Pharmacy. All-in-all, Garrett offers its citizens great amenities at a much lower cost than can be found elsewhere in the United States.
Garrett has an unemployment rate of 5.8%. The US average is 6.0%.
Garrett 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 Garrett
- The Sales Tax Rate for Garrett is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Garrett 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 Garrett
- The average income of a Garrett resident is $14,049 a year. The US average is $28,555 a year.
- The Median household income of a Garrett resident is $53,125 a year. The US average is $69,021 a year.