\nWinnsboro, TX is an affordable city, with 2 bedroom rent costing $1,130 compared to the US average of $1,430. This allows for residents to have more money to spend on other things such as groceries. The grocery cost index in Winnsboro is 93, which is lower than the national average of 100. There are a number of local companies in the area including Winnsboro Farm Supply, Southside Motors and Winnsboro Lions Club. All three businesses provide essential services to the city such as farm supplies, car repairs and community support. These businesses also contribute to the economy providing jobs and other resources for residents in Winnsboro.
Winnsboro has an unemployment rate of 7.0%. The US average is 6.0%.
Winnsboro has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.
Tax Rates for Winnsboro
- The Sales Tax Rate for Winnsboro is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Winnsboro 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 Winnsboro
- The average income of a Winnsboro resident is $18,507 a year. The US average is $28,555 a year.
- The Median household income of a Winnsboro resident is $55,766 a year. The US average is $69,021 a year.