Spearman, TX is a small town located in Texas. It is a charming and friendly place with plenty of amenities and recreation to offer its residents. The cost of living in Spearman is relatively low; the average two-bedroom rent is $970 compared to the US average of $1430. Additionally, the local Grocery Cost Index score is 92 versus 100 in the US, making food costs more affordable for those living there. Local companies include Spearman Lumber Co., Spearman Food Mart, and Big Country Radio & TV Services. With a variety of shops, restaurants and entertainment options mixed with an excellent school system, Spearman is an excellent place to live and work.
Spearman has an unemployment rate of 3.5%. The US average is 6.0%.
Spearman has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 12.5%, which is lower than the US average of 33.5%.
Tax Rates for Spearman
- The Sales Tax Rate for Spearman is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Spearman 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 Spearman
- The average income of a Spearman resident is $22,605 a year. The US average is $28,555 a year.
- The Median household income of a Spearman resident is $37,188 a year. The US average is $69,021 a year.