Driftwood, TX is a small town located in Central Texas. It is known for its rolling hills and picturesque views. The population of Driftwood is approximately 1,200 people. The town has a few local businesses including a hardware store, grocery store, and a cafe.
The cost of living in Driftwood is higher than the US average due to the 2 bedroom rent that is around $1,640 compared to $1,430 in the US. Additionally, the grocery cost index in Driftwood is 101 compared to 100 nationwide. Despite this slightly higher cost of living, Driftwood remains an attractive location for those looking to enjoy the small-town atmosphere while still having access to larger cities like Austin or San Antonio.
Driftwood has an unemployment rate of 5.3%. The US average is 6.0%.
Driftwood has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 53.4%, which is higher than the US average of 33.5%.
Tax Rates for Driftwood
- The Sales Tax Rate for Driftwood is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Driftwood 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 Driftwood
- The average income of a Driftwood resident is $50,757 a year. The US average is $28,555 a year.
- The Median household income of a Driftwood resident is $89,107 a year. The US average is $69,021 a year.