Groom, TX is a small town located in the Northern Panhandle of Texas. The cost of living is relatively low compared to the US average, with the average 2 bedroom rent being $920 compared to $1,430 across the country and a grocery cost index of 90 versus 100. Local businesses include Kactus Petroleum Services for fuel supply, Hartfield Custom Homes for construction and remodeling projects, and Country View Feeds & Pet Supplies as a one stop shop for feed and pet supplies. Other services in Groom include Marsh Auto Parts, Ace Hardware, Groom IGA Grocery Store, and White Deer Pharmacy - all offering various goods and services to locals.
Groom has an unemployment rate of 4.6%. The US average is 6.0%.
Groom has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Groom
- The Sales Tax Rate for Groom is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Groom 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 Groom
- The average income of a Groom resident is $35,822 a year. The US average is $37,638 a year.
- The Median household income of a Groom resident is $49,231 a year. The US average is $69,021 a year.