Economy in Flower Mound, TX

Flower Mound, TX is a vibrant suburb of Dallas with lots to offer its residents. It has a low unemployment rate and many thriving businesses including the well-known medical equipment company Becton Dickinson, the engineering firm Kiewit Corporation, and the IT consulting firm Pinnacle Technology Solutions. The cost of living in Flower Mound is slightly higher than the US average; the 2 bedroom rent for example is $2,360 compared to $1,430 in other parts of the country. Additionally, grocery prices vary from 104 (in Flower Mound) to 100 (in the US). Despite that however, Flower Mound remains an attractive place to live and work due its strong economy and quality of life.

Flower Mound has an unemployment rate of 4.7%. The US average is 6.0%.

Flower Mound has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 50.2%, which is higher than the US average of 33.5%.

Tax Rates for Flower Mound
- The Sales Tax Rate for Flower Mound is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Flower Mound 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 Flower Mound
- The average income of a Flower Mound resident is $45,981 a year. The US average is $28,555 a year.
- The Median household income of a Flower Mound resident is $145,153 a year. The US average is $69,021 a year.