Honey Grove, TX Economy

Honey Grove, TX is a small town located in Fannin County, Texas. This charming town is home to only 1,500 residents and provides a peaceful and inviting atmosphere for its inhabitants. The cost of living in Honey Grove is more affordable than other areas in the US; 2 bedroom rent in Honey Grove costs $880 compared to the rest of the US where it averages $1,430. Additionally, the Grocery Cost Index in Honey Grove is 93 versus 100 in the US. Popular local companies include Honey Grove Cafe & Bakery, Honey Grove Senior Center, and First United Methodist Church.

Honey Grove has an unemployment rate of 5.1%. The US average is 6.0%.

Honey Grove 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 39.5%, which is higher than the US average of 33.5%.

Tax Rates for Honey Grove
- The Sales Tax Rate for Honey Grove is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Honey Grove 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 Honey Grove
- The average income of a Honey Grove resident is $17,593 a year. The US average is $28,555 a year.
- The Median household income of a Honey Grove resident is $44,514 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Honey Grove, Texas	United States
	5.1	6
	-5.3%	-6.2%
	39.5%	33.5%
	8.3%	6.2%
	0.0%	4.6%
	$25,705	$37,638
	$44,514	$69,021
	$72,750	$85,028
Population by Occupation
	3.4%	1.2%
	0.5%	0.5%
	10.6%	6.8%
	16.0%	10.0%
	1.7%	2.5%
	11.3%	11.0%
	3.5%	4.8%
	0.7%	0.8%
	2.0%	1.9%
	2.7%	4.7%
	0.7%	1.9%
	2.1%	7.6%
	0.0%	0.1%
	1.3%	4.2%
	10.2%	9.3%
	14.8%	14.0%
	0.2%	2.1%
	3.5%	7.0%
	3.9%	4.8%
	11.1%	4.7%