Premont, TX Economy


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Premont, TX is a small Texas town located in Jim Wells County. The population of Premont is estimated to be around 2,400 people, making it a great choice for those looking to live in a tight-knit community. The median 2 bedroom rent in Premont is $810 compared to the US average of $1,430, making it an affordable choice for those looking for an affordable place to call home. Additionally, the Grocery Cost Index in Premont is 90 compared to 100 in the US. There are many local businesses available in Premont as well such as C&J Convenience Store & Gas Station and Family Dollar Store.

Premont has an unemployment rate of 12.9%. The US average is 6.0%.

Premont has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 2.1%, which is lower than the US average of 33.5%.

Tax Rates for Premont
- The Sales Tax Rate for Premont is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Premont 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 Premont
- The average income of a Premont resident is $13,821 a year. The US average is $28,555 a year.
- The Median household income of a Premont resident is $41,376 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPremont, TexasUnited States
  12.96
  -12.6%-6.2%
  2.1%33.5%
  8.3%6.2%
  0.0%4.6%
  $19,961$37,638
  $41,376$69,021
  $47,500$85,028
  Population by Occupation
  2.9%1.2%
  5.9%0.5%
  20.0%6.8%
  5.4%10.0%
  0.0%2.5%
  6.6%11.0%
  3.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  4.1%4.2%
  10.6%9.3%
  14.1%14.0%
  1.8%2.1%
  12.1%7.0%
  2.0%4.8%
  10.9%4.7%
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