Mansfield, TX is an attractive city situated between Dallas and Fort Worth. With a favorable cost of living, the 2 bedroom rent in Mansfield, TX is $1,770 compared to the US average of $1,430. Additionally, groceries are also more affordable in Mansfield as the Grocery Cost Index is 101. As such, many people have chosen to move here and take advantage of the lower costs.
This has spurred development in Mansfield with local companies like Anheuser-Busch Brewery and businesses located at The Plaza at Walnut Creek. Additionally, tourists can visit attractions like Hawaiian Falls Waterpark or Frontier Park for outdoor recreation. The city’s rich history can be experienced through historic sites like Powell Cotton Museum or Greenwood Cemetery. All these factors make Mansfield an attractive destination with a favorable cost of living for both residents and visitors alike.
Mansfield has an unemployment rate of 6.0%. The US average is 6.0%.
Mansfield has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 41.1%, which is higher than the US average of 33.5%.
Tax Rates for Mansfield
- The Sales Tax Rate for Mansfield is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Mansfield 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 Mansfield
- The average income of a Mansfield resident is $36,265 a year. The US average is $28,555 a year.
- The Median household income of a Mansfield resident is $105,579 a year. The US average is $69,021 a year.