Bovina, TX is a small city in the state of Texas with a population of about 2,500 people. It is known for having some of the most affordable rental prices and grocery costs in the region. The two-bedroom rent in Bovina is an average of $830 per month, which is significantly lower than the national average of $1,430. The Grocery Cost Index also shows that Bovina’s costs are 11 percent cheaper than the US averages. Despite its size, Bovina offers several local businesses such as a convenience store named Sparks Supermarket, a bank called First National Bank of Bovina, and multiple restaurants like The Pig Stand BBQ and La Terraza Mexican Restaurant. For tourists who enjoy outdoor activities there are places like Lake Meridith and Lake Greenbelt which offer camping sites and watersports rentals to visitors.
Bovina has an unemployment rate of 3.3%. The US average is 6.0%.
Bovina has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Bovina
- The Sales Tax Rate for Bovina is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Bovina 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 Bovina
- The average income of a Bovina resident is $17,656 a year. The US average is $37,638 a year.
- The Median household income of a Bovina resident is $37,521 a year. The US average is $69,021 a year.