Arcola, TX is an attractive place to live for those looking for affordable rent and groceries. With a 2 bedroom rent of $1,130, lower than the US average of $1,430, Arcola can provide a great home at a reasonable price. Additionally, the Grocery Cost Index in Arcola is 98 versus 100 in the US, making it an ideal place to fill up your fridge with little expense. The city also has many businesses that offer goods and services to residents, including TexAgs Supply Company and Bud's Bait Shop which offer farm supplies and fishing gear respectively. Furthermore, situated close to Houston and Austin makes Arcola an ideal location for commuters who want to benefit from both urban centers while living in a quiet suburb.
Arcola has an unemployment rate of 7.6%. The US average is 6.0%.
Arcola has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Arcola
- The Sales Tax Rate for Arcola is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Arcola 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 Arcola
- The average income of a Arcola resident is $19,665 a year. The US average is $37,638 a year.
- The Median household income of a Arcola resident is $65,099 a year. The US average is $69,021 a year.