Somerville, TX is a small town located in Burleson County with a population of 2,750 inhabitants. The costs of living in Somerville are lower than in the rest of the United States as the average two-bedroom rent rate is $880 compared to $1,430 in the US. Additionally, groceries are also cheaper in Somerville than other states as its grocery cost index is 90 versus 100 in the US. Local businesses include Heb Grocery Store, Somerville Library, and Smith's Cafe found downtown Somerville. Whether you're looking for affordable lifestyle or an excellent business climate, residents can find it all here in this community.
Somerville has an unemployment rate of 6.5%. The US average is 6.0%.
Somerville has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 38.4%, which is higher than the US average of 33.5%.
Tax Rates for Somerville
- The Sales Tax Rate for Somerville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Somerville 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 Somerville
- The average income of a Somerville resident is $22,456 a year. The US average is $28,555 a year.
- The Median household income of a Somerville resident is $47,188 a year. The US average is $69,021 a year.