El Lago, TX is an amazing place to call home. It has a population of just over 4,000 and offers a great cost of living. The two bedroom rent in El Lago is only $1,430 which is the same as the US average. In addition, the grocery cost index here is 101 compared to 100 nationally.
This city also features several great local companies including Texas Sailing Center, El Lago Pharmacy, Body Shapers Gym and Spa, and Elite Dental Center. These diverse businesses provide excellent services to residents and visitors alike. Whether you are looking for a sailing lesson or need some dental work done, you can find it all in El Lago. With its relaxed atmosphere and affordable prices, this small town has something for everyone.
El Lago has an unemployment rate of 8.0%. The US average is 6.0%.
El Lago has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for El Lago
- The Sales Tax Rate for El Lago is 8.3%. The US average is 7.3%.
- The Income Tax Rate for El Lago 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 El Lago
- The average income of a El Lago resident is $48,863 a year. The US average is $37,638 a year.
- The Median household income of a El Lago resident is $95,417 a year. The US average is $69,021 a year.