Lake Tanglewood, TX is a scenic residential area located in the southwestern part of the state. It's known for its stunning lake views and lush green hillsides. The cost of living here is relatively low compared to other places in Texas – rent for two-bedroom apartments averages around $1,150, and the Grocery Cost Index is 95 versus 100 in the US. There are plenty of things to do in Lake Tanglewood, such as hiking at nearby nature preserves, fishing on the lake, or visiting any one of the many local businesses. Some popular local spots include Wolf Creek Cafe & Bakery, which offers great food and drinks; Tanglewood Outfitters, for outdoor apparel and gear; and the scenic Tanglewood Marina & Yacht Club. All in all, Lake Tanglewood offers an affordable way to enjoy life with beautiful scenery and plenty of fun activities.
Lake Tanglewood has an unemployment rate of 4.4%. The US average is 6.0%.
Lake Tanglewood has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Lake Tanglewood
- The Sales Tax Rate for Lake Tanglewood is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lake Tanglewood 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 Lake Tanglewood
- The average income of a Lake Tanglewood resident is $63,857 a year. The US average is $28,555 a year.
- The Median household income of a Lake Tanglewood resident is $122,500 a year. The US average is $69,021 a year.