Hideaway, TX is a small city located in Smith County, Texas. The population as of 2019 was estimated to be 3,584 people. Living in Hideaway has many advantages; rent for a two-bedroom apartment can be up to $430 less than the US average. Grocery costs are also lower with an index of 95 versus 100 in the US. \nThe local economy consists of businesses such as Hideaway Doughnuts & Bakery, Hideaway Pizza & Subs, and Hideaway Hardware Store. While small businesses are popular in the area, there are also larger companies such as Walmart and Walgreens which provide employment opportunities for locals.
Hideaway has an unemployment rate of 6.5%. The US average is 6.0%.
Hideaway has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.
Tax Rates for Hideaway
- The Sales Tax Rate for Hideaway is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Hideaway 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 Hideaway
- The average income of a Hideaway resident is $39,331 a year. The US average is $28,555 a year.
- The Median household income of a Hideaway resident is $88,516 a year. The US average is $69,021 a year.