Impact, TX is a small city located in the state of Texas. This city offers affordable living for those looking to rent or purchase a home. The average cost of a 2-bedroom rental property is $1,000 which is much lower than the national average of $1,430. The grocery cost index is also lower than the US average at 89 compared to 100. Impact, TX also has several local businesses including Big Tex Burgers and Deli, Torreon's Mexican Restaurant, Wright Automotive Service Center and many more. These businesses provide plenty of employment opportunities and are essential to the local economy.
Impact has an unemployment rate of 5.5%. The US average is 6.0%.
Impact has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Impact
- The Sales Tax Rate for Impact is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Impact 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 Impact
- The average income of a Impact resident is $17,093 a year. The US average is $37,638 a year.
- The Median household income of a Impact resident is $0 a year. The US average is $69,021 a year.