Bellmead, TX is a city located in McLennan County. According to the most recent data, the average rent for a 2 bedroom apartment in Bellmead is $860 compared to the national average of $1,430. The Grocery Cost Index (GCI) in Bellmead is 91 versus 100 in the US. This indicates that the cost of living in Bellmead is lower when compared to other parts of the country.
The local economy is growing due to several notable companies such as Walmart Supercenter and Lowe's Home Improvement, which contribute greatly to job creation and economic growth in Bellmead. Along with these businesses, there are also multiple restaurants and other small businesses that offer opportunities for employment within the community. With low rent costs and an affordable GCI score, people who work or live in Bellmead can enjoy a reasonable cost of living without compromising on quality of life or amenities available.
Bellmead has an unemployment rate of 6.0%. The US average is 6.0%.
Bellmead has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Bellmead
- The Sales Tax Rate for Bellmead is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Bellmead 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 Bellmead
- The average income of a Bellmead resident is $16,007 a year. The US average is $28,555 a year.
- The Median household income of a Bellmead resident is $43,280 a year. The US average is $69,021 a year.