Vinton, TX is a small town in Texas located near the border with Mexico. It's population size is unknown but it is likely to be fairly small. Despite its size, Vinton offers a reasonable lifestyle for its residents as it has low rent and grocery costs compared to other parts of the country. The average two bedroom rent in Vinton is $930 which is much lower than the US average of $1,430. Additionally, grocery costs in Vinton are lower than the US average with an index score of 90 compared to 100 across the United States. There are multiple local businesses in Vinton that provide goods and services to its citizens such as Kroger Grocery Store, Walmart Supercenter, Family Dollar Store, Aflac Insurance Agency, and Big Lots. All of these contribute to giving locals quality services at affordable rates.
Vinton has an unemployment rate of 7.8%. The US average is 6.0%.
Vinton has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for Vinton
- The Sales Tax Rate for Vinton is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Vinton 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 Vinton
- The average income of a Vinton resident is $13,234 a year. The US average is $28,555 a year.
- The Median household income of a Vinton resident is $55,461 a year. The US average is $69,021 a year.