Hooks, Texas is a great place to live for those looking for an affordable lifestyle. The average 2 bedroom rent in Hooks is $830, compared to the US national average of $1,430. This makes it a much more budget-friendly option for those looking to rent or buy property. Furthermore, the grocery cost index in Hooks is 89 versus 100 in the US, making groceries more affordable as well.
The city of Hooks is home to many local businesses such as Carris Reels Inc., which manufactures fiber reels and related products; Waco Oil & Gas Company, which produces and distributes petroleum products; and DMS Technologies Inc., which provides engineering services. Other local companies include Agri-Tech Industries LLC, which offers crop protection products; Gorman Manufacturing Co., which produces industrial equipment and parts; and City Hill Construction LLC, which specializes in residential remodeling services.
In conclusion, Hooks is an economical place to live with a cost of living that's significantly lower than the rest of the country. With its variety of local companies and abundance of housing options available at relatively low prices, it's an attractive option for anyone looking to save money while still enjoying all that life has to offer.
Hooks has an unemployment rate of 7.2%. The US average is 6.0%.
Hooks has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Hooks
- The Sales Tax Rate for Hooks is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hooks 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 Hooks
- The average income of a Hooks resident is $17,159 a year. The US average is $28,555 a year.
- The Median household income of a Hooks resident is $51,734 a year. The US average is $69,021 a year.