Lake Bridgeport, TX is an affordable and accessible area for living and working. The average 2 bedroom rent is around $990 a month, making it cheaper than the US average of $1,430. Additionally, grocery costs are slightly below the national average index at 97 compared to 100 in the US. This makes it an ideal spot for families and individuals on a budget. There are many local companies in Lake Bridgeport such as McRae Law Firm, J&J Automotive LLC, Lake Hickory Hops Brewery, and Fuzzy’s Marine & Powersports. These businesses offer locals employment opportunities while also providing services to accommodate their community's needs.
Lake Bridgeport has an unemployment rate of 6.1%. The US average is 6.0%.
Lake Bridgeport has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Lake Bridgeport
- The Sales Tax Rate for Lake Bridgeport is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lake Bridgeport 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 Lake Bridgeport
- The average income of a Lake Bridgeport resident is $40,452 a year. The US average is $28,555 a year.
- The Median household income of a Lake Bridgeport resident is $68,333 a year. The US average is $69,021 a year.