Lavon, TX is a small town situated in northeast Texas. It has a thriving economy with local companies such as Lavon Auto Parts, The Hot Spot Bar & Grill, Maisel's Market, and Lavon Home Center. The cost of living in Lavon is slightly higher than in other parts of the US. On average, rent for a two bedroom home is around $2,310 per month compared to the national average of $1,430 per month. Additionally, the Grocery Cost Index in Lavon is equal to the US average at 100. All-in-all, Lavon offers a pleasant and affordable living experience.
Lavon has an unemployment rate of 5.6%. The US average is 6.0%.
Lavon has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 48.6%, which is higher than the US average of 33.5%.
Tax Rates for Lavon
- The Sales Tax Rate for Lavon is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lavon 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 Lavon
- The average income of a Lavon resident is $39,898 a year. The US average is $37,638 a year.
- The Median household income of a Lavon resident is $100,714 a year. The US average is $69,021 a year.