Richland, TX is a small town located in Central Texas. It is known for its affordable living costs and friendly community. According to the data provided, the average two bedroom rent in Richland is $890 per month, which is significantly lower than the US average of $1,430. Additionally, groceries are about 93% of the US cost index, making it an attractive option for those looking to make their money go further. Local companies include R & D Auto Repair and Gavs Garage Repair Service for car repairs and maintenance work; Big Daddy’s Barbeque Restaurant for delicious Southern-style BBQ; Anderson Milling Co., Inc., a local grain milling business; and Red River Valley Co-op for crop supplies. Richland's population was estimated at 2,521 in 2017 according to census information.
Richland has an unemployment rate of 6.9%. The US average is 6.0%.
Richland has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 26.3%, which is lower than the US average of 33.5%.
Tax Rates for Richland
- The Sales Tax Rate for Richland is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Richland 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 Richland
- The average income of a Richland resident is $24,323 a year. The US average is $37,638 a year.
- The Median household income of a Richland resident is $68,250 a year. The US average is $69,021 a year.