Groves, TX Economy


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Groves, TX is a vibrant city located near the border of Texas and Louisiana. It is known for its unique culture, with a combination of Cajun and Texan influences. The cost of living in Groves, TX is lower than the US average - average two-bedroom rent is $1,160 compared to $1,430 in the US. Grocery costs are also lower in Groves than the national average at 91 compared to 100 in the US. It has plenty of attractions for visitors and residents alike. Some popular local businesses include Green Gator Gumbo & Grill, which offers delicious Cajun cuisine; Orchid Florist, providing quality flower arrangements; and Third Coast Comics & Games offering comic books, toys, and gaming supplies. The city also hosts several annual festivals like Mardi Gras-themed events and Live Oak Music Festival for music lovers. All these attractions make Groves a great place to live or visit!

Groves has an unemployment rate of 11.5%. The US average is 6.0%.

Groves has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.

Tax Rates for Groves
- The Sales Tax Rate for Groves is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Groves 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 Groves
- The average income of a Groves resident is $25,427 a year. The US average is $28,555 a year.
- The Median household income of a Groves resident is $60,880 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGroves, TexasUnited States
  11.56
  -6.7%-6.2%
  18.4%33.5%
  8.3%6.2%
  0.0%4.6%
  $30,902$37,638
  $60,880$69,021
  $78,051$85,028
  Population by Occupation
  0.0%1.2%
  1.5%0.5%
  13.8%6.8%
  13.6%10.0%
  2.9%2.5%
  18.5%11.0%
  3.9%4.8%
  0.6%0.8%
  0.8%1.9%
  2.4%4.7%
  0.6%1.9%
  4.1%7.6%
  0.2%0.1%
  2.0%4.2%
  8.8%9.3%
  10.5%14.0%
  0.5%2.1%
  5.8%7.0%
  5.2%4.8%
  4.4%4.7%
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