Brownwood, TX is a mid-size city located in Central Texas. It has a population of 19,000 and is known for its small-town charm and vibrant local culture. Brownwood is home to many businesses, including 3M Corporation; Brownwood Regional Medical Center; Allied Home Mortgage Capital Corporation; and Spencer Fane LLP. The cost of living in Brownwood is quite affordable with 2 bedroom rent averaging $930 per month compared to the US average of $1,430 per month. Additionally, the Grocery Cost Index in Brownwood is 90 versus 100 nationwide. In short, with its low costs of living and variety of local businesses, Brownwood is an attractive place to live for those seeking an affordable small-town atmosphere.
Brownwood has an unemployment rate of 6.3%. The US average is 6.0%.
Brownwood has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Brownwood
- The Sales Tax Rate for Brownwood is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Brownwood 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 Brownwood
- The average income of a Brownwood resident is $18,714 a year. The US average is $28,555 a year.
- The Median household income of a Brownwood resident is $42,971 a year. The US average is $69,021 a year.