Wells Branch, TX is a great place for those looking for affordable living. The two bedroom rent in Wells Branch is $140 less than the US average of $1,430. Additionally, the grocery Cost Index for Wells Branch is 95 versus 100 in the US. This indicates that goods are more affordable in Wells Branch than many other areas of the country. There are several businesses located in Wells Branch including Wells Branch Animal Hospital, Rincon Real Estate Services, and Tip Top Cleaners & Tailors. With lower costs of living combined with local amenities and services, Wells Branch is an ideal location to call home.
Wells Branch has an unemployment rate of 5.3%. The US average is 6.0%.
Wells Branch has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 47.2%, which is higher than the US average of 33.5%.
Tax Rates for Wells Branch
- The Sales Tax Rate for Wells Branch is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Wells Branch 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 Wells Branch
- The average income of a Wells Branch resident is $41,060 a year. The US average is $37,638 a year.
- The Median household income of a Wells Branch resident is $58,583 a year. The US average is $69,021 a year.