Olton, TX is a charming and vibrant town nestled in the Plains of Texas. The cost of living here is quite low compared to the US average, as evidenced by its two bedroom rent at only $810 per month and a grocery cost index that is 87 versus 100 in the US. It has many great local businesses, such as Wildman Motors, Don's Market, Olton Café, and Grover’s Texaco. This small town has all the amenities necessary for a comfortable life without breaking your budget.
Olton has an unemployment rate of 5.9%. The US average is 6.0%.
Olton has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Olton
- The Sales Tax Rate for Olton is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Olton 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 Olton
- The average income of a Olton resident is $23,199 a year. The US average is $37,638 a year.
- The Median household income of a Olton resident is $55,781 a year. The US average is $69,021 a year.