Southmayd, TX is a small town situated in Grayson County just an hour drive away from Dallas. It is known for its low cost of living with 2 Bedroom Rent costing around $1,080 compared to the US average of $1430. The grocery cost index of Southmayd is 95 versus 100 in the US, making food purchases much more affordable than many other cities. Local companies such as Southmayd Thrift Store and Southmayd Pawn Shop have been established for quite some time in the city. All these factors contribute to why Southmayd is becoming increasingly attractive for people looking for affordable residential options.
Southmayd has an unemployment rate of 5.7%. The US average is 6.0%.
Southmayd has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Southmayd
- The Sales Tax Rate for Southmayd is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Southmayd 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 Southmayd
- The average income of a Southmayd resident is $18,820 a year. The US average is $28,555 a year.
- The Median household income of a Southmayd resident is $75,357 a year. The US average is $69,021 a year.