Spofford, TX is a small town located in the state of Texas. It’s known for its friendly atmosphere and picturesque landscape. 2 bedroom rent in Spofford is considerably lower than the US average at $880 compared to $1,430. Grocery cost index in the area is also lower than the US average at 87 versus 100. Local companies include Spofford Community Bank which offers banking services to its citizens, Davis Farm which sells organic produce and The Paint Bucket which provides painting services for homes and businesses. All these establishments help foster economic growth in Spofford while providing quality goods and services to its citizens.
Spofford has an unemployment rate of 6.3%. The US average is 6.0%.
Spofford has seen the job market increase by 3.7% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Spofford
- The Sales Tax Rate for Spofford is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Spofford 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 Spofford
- The average income of a Spofford resident is $9,692 a year. The US average is $28,555 a year.
- The Median household income of a Spofford resident is $72,708 a year. The US average is $69,021 a year.