Kress, TX is a small city located in the state of Texas. The city has a population of around 500 people according to the last census. It has a lower than average 2-bedroom rent price of $770 compared to the national average of $1,430. It also has a lower Grocery Cost Index than the US index of 100, with 90 being the index for Kress. In terms of local businesses, Kress is served by two major retail outlets; Kress Connect and Big Box Store. Other local businesses include cafés, restaurants, and stores selling clothes and other items. With its cheaper rent prices and low cost grocery items, Kress provides an ideal setting for families or individuals looking for an affordable place to live without compromising on quality of life.
Kress has an unemployment rate of 6.0%. The US average is 6.0%.
Kress has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Kress
- The Sales Tax Rate for Kress is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Kress 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 Kress
- The average income of a Kress resident is $21,496 a year. The US average is $28,555 a year.
- The Median household income of a Kress resident is $42,823 a year. The US average is $69,021 a year.