Kemp, TX is located in Kaufman County, about 45 miles east of Dallas. It has a population of approximately 1,500 people and is known for its unique culture and friendly atmosphere. The 2 bedroom rent in Kemp is significantly lower than the US average at $1,140 compared to $1,430. Grocery cost index in Kemp is also lower than the US average at 96 versus 100. The population is mostly comprised of older adults with some younger families moving in due to the lower rent prices. There are plenty of local companies such as Texas EMS Services Inc., Alliance Bank, and Valley Emergency Medical Services that provide employment opportunities and help keep the economy thriving. For entertainment, residents can enjoy activities like visiting Cedar Creek Lake or attending one of the many events hosted by Kemp's local parks.
Kemp has an unemployment rate of 6.3%. The US average is 6.0%.
Kemp has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 49.1%, which is higher than the US average of 33.5%.
Tax Rates for Kemp
- The Sales Tax Rate for Kemp is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Kemp 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 Kemp
- The average income of a Kemp resident is $16,259 a year. The US average is $28,555 a year.
- The Median household income of a Kemp resident is $46,944 a year. The US average is $69,021 a year.