Terrell, TX is a small city located in Kaufman County. It has a population of over 16,000 residents and offers a relaxed atmosphere for people looking to live in a quiet and peaceful environment. The cost of living in Terrell is relatively low compared to many other cities across the US. For example, the average two bedroom rent price is $1,340 whereas the national average 2 bedroom rent price is $1,430. Additionally, the grocery cost index in Terrell is 96 versus 100 in the US. Therefore, it can be concluded that overall costs in Terrell are lower than the national average.
Terrell offers many great local companies such as Texas Health Resources which provides excellent healthcare services and facilities to its patients. Another local company found in Terrell is Pro-Tech Industries which specializes in machining and engineering services. There are also many major stores such as Walmart located within Terrell making shopping more convenient for its citizens. Overall, anyone planning on moving to Terrell can expect lower prices for renting and groceries compared to other cities while still being able to access high quality local businesses and major stores.
Terrell has an unemployment rate of 6.3%. The US average is 6.0%.
Terrell has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 49.1%, which is higher than the US average of 33.5%.
Tax Rates for Terrell
- The Sales Tax Rate for Terrell is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Terrell 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 Terrell
- The average income of a Terrell resident is $21,124 a year. The US average is $28,555 a year.
- The Median household income of a Terrell resident is $57,904 a year. The US average is $69,021 a year.