Tye, TX is a small city located in Central Texas. It's home to the historic Tye Cotton Gin, as well as several other businesses such as Taylor Farms, Fain Packing Company, and Marble Creek Farms. The cost of living is relatively low compared to the US average; 2 bedroom rent in Tye, TX is only $930 a month, while it is $1,430 per month across the US. Additionally, the Grocery Cost Index in Tye is 89 versus 100 in the US. Therefore, those who choose to live in Tye are able to save money on monthly expenses like rent and groceries.
Tye has an unemployment rate of 5.5%. The US average is 6.0%.
Tye has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 31.9%, which is lower than the US average of 33.5%.
Tax Rates for Tye
- The Sales Tax Rate for Tye is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Tye 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 Tye
- The average income of a Tye resident is $14,930 a year. The US average is $28,555 a year.
- The Median household income of a Tye resident is $48,872 a year. The US average is $69,021 a year.