Nocona, TX is a small town in Montague County with a population of 3,198 and a pleasant atmosphere. It offers an affordable cost of living for those looking to escape the hustle and bustle of larger cities. Rent for a two bedroom in Nocona averages around $1,030 while rent elsewhere in the US is $1,430. The grocery cost index for Nocona is 90 versus 100 in the US. There are plenty of local businesses and attractions that make this small town unique including Silver Spur Saddle & Tack Shop, Red River Heritage Museum, and The Palace Theater to name a few. Visitors can also take advantage of the views along Lake Nocona or attend one of many festivals held throughout the year.
Nocona has an unemployment rate of 6.9%. The US average is 6.0%.
Nocona has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Nocona
- The Sales Tax Rate for Nocona is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Nocona 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 Nocona
- The average income of a Nocona resident is $21,621 a year. The US average is $28,555 a year.
- The Median household income of a Nocona resident is $34,300 a year. The US average is $69,021 a year.