Lake Dallas, TX is a great place to live for its affordability and economic growth. With an average 2 bedroom rent of $1,700 compared to the US average of $1,430, Lake Dallas offers access to more amenities for less cost. The local economy is thriving with businesses such as Lake Food Mart, Texoma Bank & Trust Co., and Findley's Lumber & Hardware all contributing to the growth and success of the area. Additionally, the Grocery Cost Index in Lake Dallas is 100 vs 100 in the US which means that residents are able to purchase groceries at comparable prices without having to travel far distances. In short, living in Lake Dallas provides convenient access to amenities with great affordability.
Lake Dallas has an unemployment rate of 5.6%. The US average is 6.0%.
Lake Dallas 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 Lake Dallas
- The Sales Tax Rate for Lake Dallas is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lake Dallas 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 Dallas
- The average income of a Lake Dallas resident is $29,293 a year. The US average is $28,555 a year.
- The Median household income of a Lake Dallas resident is $64,921 a year. The US average is $69,021 a year.