Gun Barrel City, TX is a small town located in Henderson County. It is a popular area for those looking to live in an affordable place with plenty of local amenities. Rent for two-bedroom apartments in the area is relatively low compared to the national average, costing just $1,300 per month as opposed to the US average of $1,430. The grocery cost index in Gun Barrel City is also lower than that of the US at 97 versus 100 respectively.
The city has many local businesses offering services to its residents including Dollar General which provides groceries and household items at discounted prices and Big Cedar Motors which offers auto repair services and sells used cars and trucks. The city also has several restaurants including Bad Boyz Bar-B-Q where visitors can enjoy delicious smoked meats along with classic sides like coleslaw and potato salad. Other businesses include Gun Barrel Fabrication, which specializes in custom metal fabrication, as well as Oak Grove Marina which offers boat rentals for exploring the nearby Cedar Creek Lake.
Gun Barrel City has an unemployment rate of 6.5%. The US average is 6.0%.
Gun Barrel City has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Gun Barrel City
- The Sales Tax Rate for Gun Barrel City is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Gun Barrel City 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 Gun Barrel City
- The average income of a Gun Barrel City resident is $22,351 a year. The US average is $28,555 a year.
- The Median household income of a Gun Barrel City resident is $55,493 a year. The US average is $69,021 a year.