Vega, TX is a small town located in the panhandle of Texas. It has an estimated population of around 2,000 people and is known for its small-town charm and friendly atmosphere. The housing market in Vega is quite affordable with the average 2 Bedroom rent being about $980 compared to the much higher US average of $1,430. Similarly, the Grocery Cost Index in Vega is much lower than that of the US index at 91 versus 100.
The local economy of Vega is largely agricultural and ranching based with many family-owned businesses throughout town. There are a range of local companies such as H&H Cattle Co., Martin’s Auto Repair, L&L Feed & Supplies, Donuts & More Bakery, and The Corner Cafe serving up delicious homemade meals. Shopping can be found at several stores such as Ace Hardware and Western Vibe Outfitters offering quality goods for great prices.
Vega has an unemployment rate of 4.5%. The US average is 6.0%.
Vega has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Vega
- The Sales Tax Rate for Vega is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Vega 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 Vega
- The average income of a Vega resident is $29,416 a year. The US average is $28,555 a year.
- The Median household income of a Vega resident is $70,000 a year. The US average is $69,021 a year.