Ivanhoe, TX is a small town in Texas located near the Louisiana border. It is known for its laid-back atmosphere and friendly people. The cost of living in Ivanhoe is lower than the US average; the average two bedroom rent is $820 compared to $1,430 nationally while the Grocery Cost Index is 90 versus 100 nationally. There are many local businesses including Sam's Country Store which offers unique items like handmade art, jewelry, and clothing. Additionally there is a family owned grocery store called Smiths Grocery offering fresh produce and other food items. Ivanhoe has something for everyone from families to outdoor enthusiasts with plenty of activities to choose from.
Ivanhoe has an unemployment rate of 9.5%. The US average is 6.0%.
Ivanhoe has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Ivanhoe
- The Sales Tax Rate for Ivanhoe is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ivanhoe 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 Ivanhoe
- The average income of a Ivanhoe resident is $24,546 a year. The US average is $37,638 a year.
- The Median household income of a Ivanhoe resident is $47,969 a year. The US average is $69,021 a year.