Penelope, TX is an ideal destination for those looking for a more economical place to live. With an average two bedroom rent of only $900 and a Grocery Cost Index of 93, Penelope is significantly less expensive than the US average. The town has plenty to do including local businesses like the Penelope Cafe, Diner 34, and The Butcher's Block where you can get local barbeque. You can also shop at stores like Texas General Store or visit the nearby parks such as Apple Tree Park for some outdoor fun.
Penelope has an unemployment rate of 6.5%. The US average is 6.0%.
Penelope 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 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Penelope
- The Sales Tax Rate for Penelope is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Penelope 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 Penelope
- The average income of a Penelope resident is $20,863 a year. The US average is $28,555 a year.
- The Median household income of a Penelope resident is $51,875 a year. The US average is $69,021 a year.