Spring Valley Village, TX Economy


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Spring Valley Village, TX is an attractive destination for many people looking for affordable living. Its two bedroom rent is $1,300 - nearly $130 lower than the US average of $1,430. Additionally, the Grocery Cost Index in Spring Valley Village is 6% higher than the national average index. This small town has many local businesses that attract visitors from other areas including NQR Hair and Beauty Supply, Paradise Cafe and Bakery, and J&M Auto Repair. These businesses provide residents with quality products and services while contributing to the economic growth of Spring Valley Village.

Spring Valley Village has an unemployment rate of 8.0%. The US average is 6.0%.

Spring Valley Village has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.

Tax Rates for Spring Valley Village
- The Sales Tax Rate for Spring Valley Village is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Spring Valley Village 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 Spring Valley Village
- The average income of a Spring Valley Village resident is $87,193 a year. The US average is $37,638 a year.
- The Median household income of a Spring Valley Village resident is $224,722 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySpring Valley Village, TexasUnited States
  86
  -5.6%-6.2%
  32.3%33.5%
  8.3%6.2%
  0.0%4.6%
  $87,193$37,638
  $224,722$69,021
  $238,854$85,028
  Population by Occupation
  0.0%1.2%
  8.7%0.5%
  3.7%6.8%
  5.8%10.0%
  3.0%2.5%
  3.2%11.0%
  2.3%4.8%
  7.6%0.8%
  1.0%1.9%
  8.8%4.7%
  6.8%1.9%
  21.1%7.6%
  3.6%0.1%
  1.4%4.2%
  8.1%9.3%
  6.4%14.0%
  2.2%2.1%
  4.1%7.0%
  2.3%4.8%
  0.0%4.7%
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