Shallowater, TX is a small city located just outside of Lubbock in West Texas. It has a population of about 5,000 residents and is known for its excellent school district and wide selection of recreational activities for all ages. The cost of living in Shallowater is very affordable with 2 bedroom rents averaging at $930 compared to the US average, which is $1,430. Food prices are also relatively low with a Grocery Cost Index in Shallowater being 94 versus 100 in the US. The city also boasts a number of businesses such as Boiling Point Cafe, Bigham's Smokehouse BBQ, and Woodrow Country Store. With great amenities like these and an affordable cost of living, it's no wonder why Shallowater remains popular among families looking for a quiet place to call home.
Shallowater has an unemployment rate of 5.8%. The US average is 6.0%.
Shallowater 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 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Shallowater
- The Sales Tax Rate for Shallowater is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Shallowater 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 Shallowater
- The average income of a Shallowater resident is $26,495 a year. The US average is $28,555 a year.
- The Median household income of a Shallowater resident is $65,764 a year. The US average is $69,021 a year.