River Oaks, TX is an attractive city to live in due to its low cost of living and access to amenities. The average rent for a two bedroom apartment is $1,270 compared to the national average of $1,430. Furthermore, the Grocery Cost Index in River Oaks is 96 compared to 100 in the US overall. Companies such as Valley Bank, Texas Regional Medical Center at Sunnyvale, and Red Lobster make up a portion of the local economy while providing ample job opportunities. As far as leisure activities go, residents can enjoy outdoor recreation at parks like Oak Park Trail or visit entertainment venues like Plaza Theatre Company. With its wide array of businesses and recreational options, it's no surprise that River Oaks is a desirable place to call home.
River Oaks has an unemployment rate of 6.9%. The US average is 6.0%.
River Oaks has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for River Oaks
- The Sales Tax Rate for River Oaks is 8.3%. The US average is 7.3%.
- The Income Tax Rate for River Oaks 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 River Oaks
- The average income of a River Oaks resident is $25,332 a year. The US average is $37,638 a year.
- The Median household income of a River Oaks resident is $61,566 a year. The US average is $69,021 a year.