Idalou, TX is a small city located in the Texas panhandle with a population of around 3,000 people. It is known for its warm climate and rural atmosphere. The 2 bedroom rent in Idalou, TX is $860; significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Idalou, TX is 92 versus 100 in the US making it an affordable place to live. \nThe city has a wide variety of local companies including ABC Supply Co., Idalou State Bank, and Miller Electric Inc. ABC Supply Co specializes in roofing materials while Idalou State Bank provides banking services to its customers. Miller Electric Inc focuses on residential electrical services for homes and businesses. According to recent statistics from the US Census Bureau, nearly 75% of residents are employed with occupations such as retail salesperson being most common. Additionally, 10% of households earn over $100k annually indicating that there are good job opportunities available in this small town.
Idalou has an unemployment rate of 5.8%. The US average is 6.0%.
Idalou 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 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Idalou
- The Sales Tax Rate for Idalou is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Idalou 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 Idalou
- The average income of a Idalou resident is $28,484 a year. The US average is $28,555 a year.
- The Median household income of a Idalou resident is $51,827 a year. The US average is $69,021 a year.