Scotland, TX is a small city located in north Texas. The city has a population of 17,100 and covers an area of 10.4 square miles. Scotland's cost of living is comparatively lower than the average in the US; according to rental data collected by RENTCafe, 2 bedroom apartments rent for an average of $810 compared to $1,430 nationally. Additionally, the Grocery Cost Index for Scotland is 92 versus 100 in the US.
The town offers a range of businesses and services local to Scotland. For example, there are several grocery stores such as Brookshire's Food & Pharmacy and Smith’s Country Store & Feed Store that serve the community's needs. Other popular stores include The Flower Shop of Scotland and Goodson Auto Supply. Additionally, there are several restaurants in town including A&B Family Restaurant, Pizza Hut Express and Mi Rancho Mexican Restaurant offering diverse cuisine options to choose from.
Scotland has an unemployment rate of 5.4%. The US average is 6.0%.
Scotland has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Scotland
- The Sales Tax Rate for Scotland is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Scotland 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 Scotland
- The average income of a Scotland resident is $24,013 a year. The US average is $28,555 a year.
- The Median household income of a Scotland resident is $78,750 a year. The US average is $69,021 a year.