Ore City, TX is an affordable city to live in with much to offer. The average rent for a two bedroom apartment is $950, lower than the national average of $1,430. Grocery costs are also lower than the national average, with an index of 90 compared to 100 in the US. Ore City has many local companies to work for such as Lone Star Steel, Ore City ISD, and Lake Fork Marina. These businesses provide job opportunities and economic stability for the area. With its affordable rent prices and low cost of living, it’s no wonder so many people choose to make their home in Ore City.
Ore City has an unemployment rate of 7.7%. The US average is 6.0%.
Ore City has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Ore City
- The Sales Tax Rate for Ore City is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ore City 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 Ore City
- The average income of a Ore City resident is $19,077 a year. The US average is $28,555 a year.
- The Median household income of a Ore City resident is $39,688 a year. The US average is $69,021 a year.