Lovelady, TX is a small town in Houston County, located on the eastern edge of the state. This area is known for its friendly people and low cost of living. Compared to the national average, it has an average 2 bedroom rent of $1,070 compared to the US average at $1,430. Additionally, its grocery cost index is 93 out of 100 when compared to the US average.
In Lovelady there are a variety of businesses that contribute to its economy including G&G Technologies, Wal-Mart Supercenter, RODEN Office Supply and Print Shop, and Wells Fargo Bank. With these local companies providing jobs Lovelady offers a great place for residence since overall living costs are quite low. The cost of living in Lovelady is much lower than other cities around the country making it ideal for families who want to save money while maintaining a good quality of life.
Lovelady has an unemployment rate of 6.2%. The US average is 6.0%.
Lovelady has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Lovelady
- The Sales Tax Rate for Lovelady is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lovelady 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 Lovelady
- The average income of a Lovelady resident is $22,206 a year. The US average is $28,555 a year.
- The Median household income of a Lovelady resident is $50,214 a year. The US average is $69,021 a year.