Cove, Texas is a small town located in the Northwest part of the state. It is known for its affordable living costs, boasting a two bedroom rent rate of $1,240 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Cove is 101 versus 100 in the US. The area also has many local companies and amenities that make it an ideal place to live. Some popular stores include Walmart, Target, and Ace Hardware. There are also several restaurants to choose from like Chick-fil-A, Olive Garden, and McDonald’s. Residents can enjoy outdoor activities such as walking trails at Longwater Lake Park or spending time at the local golf club. With its affordability and convenient location near metropolitan areas like Houston and Austin, Cove is an attractive option for those looking to move to Texas.
Cove has an unemployment rate of 10.1%. The US average is 6.0%.
Cove has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 33.9%, which is higher than the US average of 33.5%.
Tax Rates for Cove
- The Sales Tax Rate for Cove is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Cove 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 Cove
- The average income of a Cove resident is $36,698 a year. The US average is $28,555 a year.
- The Median household income of a Cove resident is $110,179 a year. The US average is $69,021 a year.