Knollwood, TX is a great place to call home. The cost of living is lower than in many other locations, as evidenced by the 2 bedroom rent which is $1,050 versus the US average of $1,430. Grocery costs are also lower with a Cost Index of 96 compared to 100 in the US. There are many local companies based in Knollwood for residents to work at such as Focus Foodservice, Inc., Freedom Printing Services, AM/PM Portable Toilets & Septic Service, and M & H Transport. Overall Knollwood is an affordable place to live with plenty of job opportunities close by.
Knollwood has an unemployment rate of 5.7%. The US average is 6.0%.
Knollwood has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Knollwood
- The Sales Tax Rate for Knollwood is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Knollwood 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 Knollwood
- The average income of a Knollwood resident is $23,756 a year. The US average is $28,555 a year.
- The Median household income of a Knollwood resident is $37,500 a year. The US average is $69,021 a year.