Payne Springs, TX is a vibrant city located in east Texas. It has a relatively low cost of living compared to the national average, with two bedroom apartments costing around $1,230 per month and grocery costs indexing 97 versus 100 in the US. There are several local businesses in the area that serve the community including Payne Springs Pharmacy, Tom's Grocery Store, and The Red Door Cafe. Other services offered in Payne Springs include dental care from Dr. Jones' Dentistry and auto repair from Parker Automotive Services. These businesses make up the backbone of Payne Springs by providing goods and services to its residents, making it a great place to live and work.
Payne Springs has an unemployment rate of 6.5%. The US average is 6.0%.
Payne Springs has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Payne Springs
- The Sales Tax Rate for Payne Springs is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Payne Springs 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 Payne Springs
- The average income of a Payne Springs resident is $18,348 a year. The US average is $28,555 a year.
- The Median household income of a Payne Springs resident is $38,833 a year. The US average is $69,021 a year.