Palo Pinto, TX Economy


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Palo Pinto, TX is a small city in the state of Texas known for its great affordability. The average two-bedroom rent for this town is only $930 compared to the US's average of $1,430. Additionally, the grocery cost index for Palo Pinto is 95 compared to 100 across the US. Because of these factors, Palo Pinto has become an attractive place to live with its low costs of living. In terms of local businesses, there are several flourishing companies that offer great services to citizens such as Palo Pinto General Store which provides a variety of items including gifts and supplies and Buzzard's Pizza which serves delicious pizzas and sandwiches at reasonable prices. There are also other stores such as K&K Furniture which offers furniture and home decor to enhance any living space and Last Stop Liquor Store where customers can purchase a variety of alcoholic beverages.

Palo Pinto has an unemployment rate of 7.3%. The US average is 6.0%.

Palo Pinto 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 36.3%, which is higher than the US average of 33.5%.

Tax Rates for Palo Pinto
- The Sales Tax Rate for Palo Pinto is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Palo Pinto 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 Palo Pinto
- The average income of a Palo Pinto resident is $19,613 a year. The US average is $28,555 a year.
- The Median household income of a Palo Pinto resident is $46,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPalo Pinto, TexasUnited States
  7.36
  -6.1%-6.2%
  36.3%33.5%
  8.3%6.2%
  0.0%4.6%
  $13,974$37,638
  $46,917$69,021
  $46,667$85,028
  Population by Occupation
  6.7%1.2%
  0.0%0.5%
  8.9%6.8%
  4.4%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  8.9%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  6.7%14.0%
  0.0%2.1%
  20.0%7.0%
  44.4%4.8%
  0.0%4.7%
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