Forest Hill, TX is a suburban area located near Fort Worth in Central Texas. It is known for its friendly community, nearby recreational activities like hiking and biking trails, and a variety of local businesses. The cost of living in Forest Hill is relatively low compared to the US as a whole, with the average 2 bedroom rent being $1,320 (compared to $1,430 nationally) and a grocery cost index of 95 (versus 100). There are many local businesses in Forest Hill such as Main Street Market Grocery Store, Papa John's Pizza, Firehouse Subs restaurant and H&R Block Tax Services. All these amenities make Forest Hill an attractive place to live for those looking for an affordable place with plenty of options nearby.
Forest Hill has an unemployment rate of 6.9%. The US average is 6.0%.
Forest Hill has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Forest Hill
- The Sales Tax Rate for Forest Hill is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Forest Hill 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 Forest Hill
- The average income of a Forest Hill resident is $16,970 a year. The US average is $28,555 a year.
- The Median household income of a Forest Hill resident is $50,100 a year. The US average is $69,021 a year.