Wellman, TX is a great place to live for those looking for a small town feel and a lower cost of living. The average 2 bedroom rent in Wellman is significantly lower than the US average at $840 versus $1,430 while groceries are also cheaper with an index of 88 compared to 100 in the US. This makes Wellman an ideal place for people who are on a budget. Local businesses in Wellman include J&C Auto Repair, T&T Grocery Store, and Fast Eddies BBQ Restaurant. All three of these companies have been in the area for many years and provide excellent services to the community.
Wellman has an unemployment rate of 7.5%. The US average is 6.0%.
Wellman has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 16.2%, which is lower than the US average of 33.5%.
Tax Rates for Wellman
- The Sales Tax Rate for Wellman is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Wellman 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 Wellman
- The average income of a Wellman resident is $23,833 a year. The US average is $28,555 a year.
- The Median household income of a Wellman resident is $79,500 a year. The US average is $69,021 a year.