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 decrease by -5.3% 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 $25,705 a year. The US average is $37,638 a year.
- The Median household income of a Honey Grove resident is $44,514 a year. The US average is $69,021 a year.