Krum, TX is a small town located near Dallas-Fort Worth Metroplex. The cost of living is relatively low here, as the median rent for two bedroom apartments averages at $1,720 and the grocery cost index is 98 versus 100 in the US. The area offers a variety of job opportunities due to its proximity to the Dallas-Fort Worth Metroplex. Local companies such as Walmart, McDonald’s, and Texas Health Presbyterian Hospital Denton provide residents with employment opportunities that are within commuting distance. Additionally, due to its size and location outside major metropolitan cities, Krum offers a lower cost of living than other areas nearby; rent prices and groceries are significantly more affordable than in larger cities.
Krum has an unemployment rate of 5.6%. The US average is 6.0%.
Krum has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 50.0%, which is higher than the US average of 33.5%.
Tax Rates for Krum
- The Sales Tax Rate for Krum is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Krum 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 Krum
- The average income of a Krum resident is $28,361 a year. The US average is $28,555 a year.
- The Median household income of a Krum resident is $85,089 a year. The US average is $69,021 a year.