Latexo, TX is a small town in East Texas with a population of around 1,000 people. It is an affordable place to live, as two bedroom rentals come in at $830 per month compared to the national average of $1,430. Groceries are also cheaper here than in other parts of the US, with a grocery cost index score of 90 compared to 100 nationally. In addition to its affordability, Latexo is known for its friendly residents and strong sense of community. Residents enjoy locally owned stores such as D&W Grocery and Shiver's Hardware Store where they can purchase items from their own neighbors. These local businesses help keep the town alive and contribute to its unique charm.
Latexo has an unemployment rate of 6.2%. The US average is 6.0%.
Latexo has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Latexo
- The Sales Tax Rate for Latexo is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Latexo 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 Latexo
- The average income of a Latexo resident is $15,148 a year. The US average is $28,555 a year.
- The Median household income of a Latexo resident is $38,958 a year. The US average is $69,021 a year.