Gholson, TX Economy


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Gholson, Texas is a small town located in McLennan County with a population of around 400 people. It’s known for its rural charm and laid-back atmosphere, making it an ideal place to live for those who prefer a slower-paced lifestyle. The average two bedroom rent in Gholson is $860 compared to the US average of $1430, so living costs are very affordable. In addition, the local grocery cost index in Gholson is 91 versus 100 in the US providing further savings to residents.
The area has many local businesses including Gholson Pharmacy which offers all kinds of medicines and household items as well as Fosters Grocery Store which provides fresh produce and other groceries. There are also several restaurants nearby such as La Figa Italian Restaurant, Los Tarasco's Mexican Cuisine, and Leila’s Barbeque which serve delicious meals at reasonable prices.
Gholson also has a few recreational centers such as the Gholson Parks & Recreation Center which offers swimming pools, trails, picnic areas, playgrounds and more for residents to enjoy. In addition, there are plenty of green spaces where one can take leisurely strolls or go bird watching. All these features make Gholson an ideal place to live in for those looking for a peaceful and relaxing environment away from the hustle bustle of city life.

Gholson has an unemployment rate of 6.0%. The US average is 6.0%.

Gholson has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.

Tax Rates for Gholson
- The Sales Tax Rate for Gholson is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Gholson 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 Gholson
- The average income of a Gholson resident is $26,554 a year. The US average is $28,555 a year.
- The Median household income of a Gholson resident is $54,821 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGholson, TexasUnited States
  66
  -2.0%-6.2%
  37.3%33.5%
  8.3%6.2%
  0.0%4.6%
  $26,724$37,638
  $54,821$69,021
  $52,679$85,028
  Population by Occupation
  2.2%1.2%
  0.5%0.5%
  19.9%6.8%
  6.9%10.0%
  2.7%2.5%
  19.9%11.0%
  7.2%4.8%
  1.6%0.8%
  0.0%1.9%
  1.0%4.7%
  0.0%1.9%
  1.6%7.6%
  1.6%0.1%
  5.1%4.2%
  7.0%9.3%
  10.4%14.0%
  1.0%2.1%
  4.1%7.0%
  2.7%4.8%
  4.6%4.7%
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