Union Grove, TX is a small town located in the state of Texas with a population of approximately 2,500 people. The town is known for its low cost of living with two bedroom rent at $1,080 compared to the US median of $1,430. The grocery cost index in Union Grove is 91 compared to 100 in the US. This means that groceries are generally 9% cheaper than the national average.
Apart from its low cost of living, Union Grove also has some local businesses that give the town its flavor and economy such as Red Wagon Farm Supplies which provides locals with farm supplies such as feed and hay; Skyview Trucking which offers services for freight transportation and trucking; and Cowtown Horse Company which sells horse-related items such as saddles and bridles. All these local companies help create jobs for the people in Union Grove helping to keep its cost of living low while providing necessary goods and services.
Union Grove has an unemployment rate of 7.7%. The US average is 6.0%.
Union Grove has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Union Grove
- The Sales Tax Rate for Union Grove is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Union Grove 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 Union Grove
- The average income of a Union Grove resident is $65,379 a year. The US average is $37,638 a year.
- The Median household income of a Union Grove resident is $250,001 a year. The US average is $69,021 a year.