Richwood, TX is a small city located in Brazoria County, Texas. It is a great place for people who are looking for affordable living. The average rent for a two bedroom home in Richwood is $1,130 compared to the US average of $1,430. This makes it an ideal location for those on a budget. Grocery costs in Richwood are also well below the national average at 96 versus 100 in the US. Local companies like Richwood Tire & Auto Inc, Richwood Lumber Co Inc and Richwood Veterinary Clinic offer excellent services and prices that compare favorably to larger companies across the country. In general, people can find great deals on housing and goods in Richwood when compared to other parts of the country.
Richwood has an unemployment rate of 8.4%. The US average is 6.0%.
Richwood has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Richwood
- The Sales Tax Rate for Richwood is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Richwood 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 Richwood
- The average income of a Richwood resident is $29,883 a year. The US average is $28,555 a year.
- The Median household income of a Richwood resident is $67,467 a year. The US average is $69,021 a year.