Union Valley, TX is a small rural town in Eastern Texas, with a population of approximately 1,500. It offers the convenience and charm of life in a small town, with the added benefit of close proximity to many cities such as Dallas and Houston. The cost of living in Union Valley is slightly higher than the national average, with two-bedroom rentals costing $1,880 compared to $1,430 nationwide. Additionally, the grocery cost index in Union Valley is 99 versus 100 in the US.
The local economy benefits from numerous businesses that are based or have branches in Union Valley. Notable companies include Walmart Distribution Center which opened its new facility here in 2018; Central Freight Lines which provides trucking services; and Union Valley Electric Cooperative which provides low-cost electricity to local residents.
Union Valley has an unemployment rate of 6.5%. The US average is 6.0%.
Union Valley 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 46.7%, which is higher than the US average of 33.5%.
Tax Rates for Union Valley
- The Sales Tax Rate for Union Valley is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Union Valley 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 Union Valley
- The average income of a Union Valley resident is $33,625 a year. The US average is $28,555 a year.
- The Median household income of a Union Valley resident is $70,500 a year. The US average is $69,021 a year.