Redwater, TX is a charming small town with a population of 3,707 according to the last census. The cost of living in Redwater is much lower than the US average. The average rent for a two bedroom apartment is $1,030 compared to the US average of $1,430. Furthermore, the grocery cost index in Redwater is 89 compared to 100 in the US. Popular local businesses include B&B Plumbing Supplies and Redwater Lumber Yard that have been serving residents in the area for decades. With its lower costs of living and close knit community, Redwater is an excellent place to call home.
Redwater has an unemployment rate of 7.2%. The US average is 6.0%.
Redwater has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Redwater
- The Sales Tax Rate for Redwater is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Redwater 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 Redwater
- The average income of a Redwater resident is $20,514 a year. The US average is $37,638 a year.
- The Median household income of a Redwater resident is $48,125 a year. The US average is $69,021 a year.