Bailey, TX Economy


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United States / Texas / No Metro Area / Fannin County / Bailey / Zip Codes
Bailey, TX is a small town located in the central part of the state. With an estimated population of just over 1,000 people, it is a quiet and peaceful place to live. Rent for two-bedroom apartments is quite affordable at just $930 a month compared to the US average of $1,430. Grocery costs are also lower in Bailey with an index score of 92 versus 100 in the US. The climate is warm and humid summers with mild winters which make it ideal for outdoor activities year-round. Locally owned businesses such as Bailey's Hardware Store, Bailey's Gas Station and Café Latte are popular among residents. Bailey is certainly a great place to call home!

Bailey has an unemployment rate of 5.1%. The US average is 6.0%.

Bailey has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.

Tax Rates for Bailey
- The Sales Tax Rate for Bailey is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Bailey 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 Bailey
- The average income of a Bailey resident is $20,684 a year. The US average is $37,638 a year.
- The Median household income of a Bailey resident is $39,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBailey, TexasUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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