Damon, TX is a small city located just a few miles west of Houston. The cost of living in Damon is quite affordable compared to the US average, with 2 bedroom rent at around $1,210 compared to the national average of $1,430. The grocery cost index is also lower than the US at 96 versus 100 respectively. There are plenty of companies in Damon that offer local services such as Texas Best Construction & Roofing and Advanced Automotive Repair. Overall Damon offers a great quality of life for its residents with low rent and prices at the grocery store.
Damon has an unemployment rate of 8.4%. The US average is 6.0%.
Damon has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Damon
- The Sales Tax Rate for Damon is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Damon 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 Damon
- The average income of a Damon resident is $13,596 a year. The US average is $28,555 a year.
- The Median household income of a Damon resident is $25,865 a year. The US average is $69,021 a year.