Shoreacres, TX Economy


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Shoreacres, TX is a great place for those looking to find an affordable yet comfortable home. The 2 bedroom rent in the area is significantly lower than the national average at $1,280 per month. In addition, the grocery cost index in Shoreacres, TX is 97 versus 100 in the US, making groceries more affordable too. It is no wonder why many people choose to move to and settle down in Shoreacres. There are many businesses located in Shoreacres such as TINY'S Home Health Care Services, Quality Tree Service and All Around Athletics Gym. All of these companies provide services that make life easier for residents of Shoreacres and contribute to its thriving economy.

Shoreacres has an unemployment rate of 8.0%. The US average is 6.0%.

Shoreacres has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.

Tax Rates for Shoreacres
- The Sales Tax Rate for Shoreacres is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Shoreacres 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 Shoreacres
- The average income of a Shoreacres resident is $36,935 a year. The US average is $28,555 a year.
- The Median household income of a Shoreacres resident is $124,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyShoreacres, TexasUnited States
  86
  -5.6%-6.2%
  32.3%33.5%
  8.3%6.2%
  0.0%4.6%
  $52,933$37,638
  $124,917$69,021
  $124,625$85,028
  Population by Occupation
  0.0%1.2%
  0.4%0.5%
  13.6%6.8%
  12.4%10.0%
  4.2%2.5%
  11.1%11.0%
  4.7%4.8%
  0.5%0.8%
  0.5%1.9%
  5.4%4.7%
  2.6%1.9%
  12.9%7.6%
  0.0%0.1%
  2.5%4.2%
  10.9%9.3%
  5.8%14.0%
  0.0%2.1%
  2.4%7.0%
  2.9%4.8%
  7.3%4.7%
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