Springlake, TX is a small town located in the heart of Texas. It offers its residents a peaceful atmosphere with plenty of outdoor activities to enjoy. The cost of living is relatively low compared to other cities due to the remarkably lower rent for 2-bedroom apartments that stands at $840 compared to the US average of $1,430. Additionally, grocery costs are also significantly lower than other places due to Grocery Cost Index being 89 versus 100 in the US. \nLocal companies in Springlake include Spring Health Care, Springlake Automotive, and Hot Springs Services. Each provide essential services that range from health care and automotive repairs to construction and landscaping services. These companies help locals save money while enjoying excellent quality service. In conclusion, Springlake has much to offer those who prefer a slower pace of life without sacrificing all amenities found in larger cities such as reasonable rent and cost of living expenses.
Springlake has an unemployment rate of 5.9%. The US average is 6.0%.
Springlake has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Springlake
- The Sales Tax Rate for Springlake is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Springlake 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 Springlake
- The average income of a Springlake resident is $19,064 a year. The US average is $37,638 a year.
- The Median household income of a Springlake resident is $0 a year. The US average is $69,021 a year.