Northlake, TX is a small town in Northern Texas filled with character and charm. With an estimated population of 6,000 people, Northlake offers plenty of opportunity for its residents. The two bedroom rent in Northlake can be found for $2,050 per month, which is considerably more expensive compared to the US average of $1,430. Despite this increased cost of living, Northlake has a Grocery Cost Index of 103 versus 100 in the US. Local companies like Dell Technologies and Emirates Flight Training Academy are great employers to have providing economic stability for those living in the area. All things considered, Northlake remains competitive when it comes to housing affordability when compared to other cities in Texas.
Northlake has an unemployment rate of 5.6%. The US average is 6.0%.
Northlake has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 50.0%, which is higher than the US average of 33.5%.
Tax Rates for Northlake
- The Sales Tax Rate for Northlake is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Northlake 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 Northlake
- The average income of a Northlake resident is $34,193 a year. The US average is $28,555 a year.
- The Median household income of a Northlake resident is $96,056 a year. The US average is $69,021 a year.