Leonard, TX is a small, rural town located in North Texas. It offers an affordable cost of living with the average 2 bedroom rent at $1,050, which is significantly lower than the US rate of $1,430. The Grocery Cost Index in Leonard is also lower than the national average at 95 versus 100. Not only is it affordable but Leonard provides convenience for its residents with local businesses like Walmart and Home Depot providing necessary amenities. There are also some popular points of interest such as the International Sculpture Park and Lake Crockett Recreational Area which offer plenty of outdoor activities for all ages to enjoy.
Leonard has an unemployment rate of 5.1%. The US average is 6.0%.
Leonard has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Leonard
- The Sales Tax Rate for Leonard is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Leonard 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 Leonard
- The average income of a Leonard resident is $25,542 a year. The US average is $37,638 a year.
- The Median household income of a Leonard resident is $48,614 a year. The US average is $69,021 a year.