Willow Park, TX is a small suburban city located in Parker County. It offers a high quality of life for its residents, thanks to its amenities and services. The average 2-bedroom rental rate is slightly higher than the national average at $1,760 per month. However, the cost of living in Willow Park is more affordable when considering other factors such as groceries. The grocery cost index here is 101 versus 100 nationally, meaning it's just 1% higher than the US average.
The city has plenty of places to shop and dine with numerous local companies operating here. These include popular restaurants like Saltgrass Steak House, stores like Walmart and Cabela’s, and other services such as iXpress Credit Union and Compass Realty Group. Residents can also enjoy various outdoor activities at locations such as Lake Mineral Wells State Park or The Harvest Golf Club. Overall, living in Willow Park provides a comfortable lifestyle with great recreational opportunities all within reach.
Willow Park has an unemployment rate of 5.7%. The US average is 6.0%.
Willow Park has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 41.8%, which is higher than the US average of 33.5%.
Tax Rates for Willow Park
- The Sales Tax Rate for Willow Park is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Willow Park 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 Willow Park
- The average income of a Willow Park resident is $37,355 a year. The US average is $28,555 a year.
- The Median household income of a Willow Park resident is $101,285 a year. The US average is $69,021 a year.