Shepherd, TX is a small rural town located in East Texas. It has an affordable cost of living which is attractive to many residents. The average 2 bedroom rent in Shepherd is only $960, while the US national average for the same size rental unit is $1,430. Similarly, the Grocery Cost Index in Shepherd is 94 compared to 100 nationally. Local businesses such as Shepherd Feed & Supply Store and Humble Automotive are popular places to shop and get services within the town, as they have competitive prices for their products and services compared to those outside Shepherd. All in all, the low cost of living in Shepherd is a major draw for potential residents looking to settle down or start a business in this quaint area of Texas.
Shepherd has an unemployment rate of 9.0%. The US average is 6.0%.
Shepherd has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Shepherd
- The Sales Tax Rate for Shepherd is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Shepherd 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 Shepherd
- The average income of a Shepherd resident is $13,645 a year. The US average is $28,555 a year.
- The Median household income of a Shepherd resident is $44,750 a year. The US average is $69,021 a year.