Gatesville, TX is a small city located approximately 60 miles from Austin and 30 miles from Waco. The city has a population of around 15,000 people and offers plenty of job opportunities with companies such as Tractor Supply Company, H-E-B Grocery Stores, Pizza Hut, Walmart Supercenter and more. The cost of living in Gatesville is very affordable with 2 bedroom rent averaging $860 compared to the U.S average of $1,430. Grocery stores are also affordable with the cost index being 91 versus 100 in the US. All in all, Gatesville is an affordable place to live for anyone looking for somewhere close by to major cities like Austin and Waco.
Gatesville has an unemployment rate of 7.1%. The US average is 6.0%.
Gatesville has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Gatesville
- The Sales Tax Rate for Gatesville is 7.1%. The US average is 7.3%.
- The Income Tax Rate for Gatesville 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 Gatesville
- The average income of a Gatesville resident is $11,182 a year. The US average is $28,555 a year.
- The Median household income of a Gatesville resident is $47,480 a year. The US average is $69,021 a year.