Wake Village, TX Economy


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Wake Village, TX is a great area of Texarkana with plenty of activities and resources for its residents. The average two bedroom rent in Wake Village, TX is $850 compared to the US average of $1,430. This makes it an attractive option for those looking to save money on housing. Additionally, the Grocery Cost Index in Wake Village is 89 versus 100 in the US which helps make grocery shopping more affordable. A few local companies include Southern Auto Repair & Supply Co., Nardini's Deli Cafe, and Tony's Automotive Service & Repair. These businesses provide quality services to their customers, making Wake Village a great place to live and work.

Wake Village has an unemployment rate of 7.2%. The US average is 6.0%.

Wake Village has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Wake Village
- The Sales Tax Rate for Wake Village is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Wake Village 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 Wake Village
- The average income of a Wake Village resident is $24,683 a year. The US average is $28,555 a year.
- The Median household income of a Wake Village resident is $76,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWake Village, TexasUnited States
  7.26
  -5.2%-6.2%
  25.7%33.5%
  8.3%6.2%
  0.0%4.6%
  $32,509$37,638
  $76,583$69,021
  $92,843$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  7.1%6.8%
  4.3%10.0%
  0.0%2.5%
  9.4%11.0%
  5.3%4.8%
  0.9%0.8%
  1.3%1.9%
  0.9%4.7%
  2.5%1.9%
  0.7%7.6%
  0.0%0.1%
  14.1%4.2%
  10.2%9.3%
  17.7%14.0%
  1.9%2.1%
  6.1%7.0%
  7.5%4.8%
  10.3%4.7%
Health
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