Allen, TX is a great place to live. Rent for a 2 bedroom apartment in Allen is $1,930, which is lower than the national average of $1,430. The grocery cost index in Allen is 103 versus 100 in the U.S., making it an affordable place to live. With many restaurants and shops downtown and nearby parks and trails, there's something for everyone in Allen. Local companies include State Farm Insurance, Raytheon Technologies, and JCPenney Corporate Headquarters. Furthermore, Allen has its own thriving business district with many restaurants, nightlife options, and small businesses like Hobby Lobby and Best Buy.
Allen has an unemployment rate of 5.4%. The US average is 6.0%.
Allen has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 45.0%, which is higher than the US average of 33.5%.
Tax Rates for Allen
- The Sales Tax Rate for Allen is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Allen 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 Allen
- The average income of a Allen resident is $40,741 a year. The US average is $28,555 a year.
- The Median household income of a Allen resident is $118,254 a year. The US average is $69,021 a year.