Malone, TX is a small town located in Texas. It is known for its affordable 2 bedroom rental cost of $870 compared to the US average of $1,430. The grocery cost index in Malone is also significantly lower than the national index at 93 versus 100. This makes it an attractive option to many who are looking to save money when living there. There are many local businesses located in Malone such as Malone Pawn Shop, Isom’s Grocery, and All Around Automotive Services. The town also boasts several restaurants including Luckey's Bar-B-Que Smokehouse and Phil's Bar & Grill. With its low cost of living and ample amenities, Malone makes for an ideal place to live.
Malone has an unemployment rate of 6.5%. The US average is 6.0%.
Malone 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 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Malone
- The Sales Tax Rate for Malone is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Malone 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 Malone
- The average income of a Malone resident is $17,001 a year. The US average is $28,555 a year.
- The Median household income of a Malone resident is $33,750 a year. The US average is $69,021 a year.