Merkel, TX is a small town located in Taylor County. Despite its size, it offers a variety of amenities to local residents and visitors alike. It has affordable housing with a two-bedroom rent of $1,040, which is lower than the national average of $1,430. Additionally, Merkel also has relatively low grocery costs with an index score of 90 compared to the US average of 100. The town has several local businesses such as Merkel Ford Motors, Merkel Community Church, Merkel Country Store, and City National Bank. These establishments provide job opportunities and contribute to the overall economic development of the area.
Merkel has an unemployment rate of 5.5%. The US average is 6.0%.
Merkel has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Merkel
- The Sales Tax Rate for Merkel is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Merkel 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 Merkel
- The average income of a Merkel resident is $19,839 a year. The US average is $28,555 a year.
- The Median household income of a Merkel resident is $53,681 a year. The US average is $69,021 a year.