Buffalo Gap, TX is a small town located in Texas. Rent for two bedroom apartments is relatively inexpensive compared to other places within the United States, at $940 versus the national average of $1,430. Grocery costs are also low in Buffalo Gap; according to the Grocery Cost Index, prices are 96 out of 100 compared to the US average. \nThis rural area has seen an uptick in local businesses in recent years, from the Buffalo Gap Bistro to The Art Spot and beyond. These local establishments bring with them eager entrepreneurs looking to capitalize on this small-town atmosphere.
Buffalo Gap has an unemployment rate of 5.5%. The US average is 6.0%.
Buffalo Gap has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Buffalo Gap
- The Sales Tax Rate for Buffalo Gap is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Buffalo Gap 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 Buffalo Gap
- The average income of a Buffalo Gap resident is $21,273 a year. The US average is $28,555 a year.
- The Median household income of a Buffalo Gap resident is $39,808 a year. The US average is $69,021 a year.