Carthage, TX Economy


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United States / Texas / No Metro Area / Panola County / Carthage / Zip Codes
Carthage, TX is a small town located in East Texas. It has a population of 6,677 people as of 2019. The cost of living is lower than the US average with 2 Bedroom Rent at $960 compared to the national average of $1,430. Additionally, the Grocery Cost Index for Carthage is 93 versus 100 in the US.
Local companies include Carthage Community Medical Center, which provides high-quality healthcare services to the community and Carthage ISD which operates several educational institutions including Carthage High School and elementary schools surrounding the area. There are also many parks like Buckeye Park and Lakeside Park which provide recreational activities such as swimming pools, playgrounds, walking trails and more. Other attractions include local museums like Texas Country Music Hall of Fame Museum and historic sites like Van Zandt Cottage Historic Site. All in all, Carthage TX is an affordable and peaceful town filled with plenty of opportunities for leisure activities.

Carthage has an unemployment rate of 8.6%. The US average is 6.0%.

Carthage has seen the job market increase by 2.2% over the last year. Future job growth over the next ten years is predicted to be 5.3%, which is lower than the US average of 33.5%.

Tax Rates for Carthage
- The Sales Tax Rate for Carthage is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Carthage 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 Carthage
- The average income of a Carthage resident is $22,016 a year. The US average is $28,555 a year.
- The Median household income of a Carthage resident is $44,951 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarthage, TexasUnited States
  8.66
  -11.0%-6.2%
  5.3%33.5%
  8.3%6.2%
  0.0%4.6%
  $28,992$37,638
  $44,951$69,021
  $61,910$85,028
  Population by Occupation
  0.0%1.2%
  10.9%0.5%
  5.2%6.8%
  7.9%10.0%
  3.9%2.5%
  9.7%11.0%
  1.0%4.8%
  0.7%0.8%
  0.5%1.9%
  3.7%4.7%
  0.0%1.9%
  3.2%7.6%
  0.0%0.1%
  9.4%4.2%
  8.6%9.3%
  13.9%14.0%
  2.1%2.1%
  6.6%7.0%
  11.0%4.8%
  1.6%4.7%
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