Providence Village, TX is a small town located in the heart of Denton County. It has an estimated population of 8,241 and is a popular destination for families due to its affordable housing prices. The average rent for two-bedroom apartments in Providence Village is $2,240 per month which is significantly lower compared to the US average of $1,430. Similarly, the grocery cost index in Providence Village is 100 which is on par with the US.
The town's economy largely relies on local businesses such as Providence Bank & Trust, Cross Timbers Veterinary Clinic and ABC Childcare Center. There are plenty of recreational activities available such as bike trails at Ray Roberts Lake State Park or hiking trails at Pilot Point Nature Preserve. Additionally, nearby cities like Denton provide plenty of shopping opportunities and dining options for people living in Providence Village.
Providence Village has an unemployment rate of 5.6%. The US average is 6.0%.
Providence Village has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 50.0%, which is higher than the US average of 33.5%.
Tax Rates for Providence Village
- The Sales Tax Rate for Providence Village is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Providence Village 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 Providence Village
- The average income of a Providence Village resident is $32,929 a year. The US average is $37,638 a year.
- The Median household income of a Providence Village resident is $100,134 a year. The US average is $69,021 a year.