\nWoodway, TX, is a city located in the heart of McLennan County, and has a population of 7,719 according to the 2019 US Census. It is known for its affordable living costs with costs of 2 bedroom rent being $1,140 compared to the national average of $1,430. In addition to this, the grocery cost index in Woodway is 97 verses 100 in the US.
Woodway is home to some local companies such as Cen-Tex Roof Systems which provides roofing services, Arizona Pools & Spas which specializes in swimming pools and spas, and Maser Advertising & Design which creates marketing solutions for businesses. These companies add value to Woodway’s economy by providing services that contribute to economic growth and sustainability. (Source: Cen-Tex Roof Systems; Arizona Pools & Spas; Maser Advertising & Design).
Woodway has an unemployment rate of 6.0%. The US average is 6.0%.
Woodway has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Woodway
- The Sales Tax Rate for Woodway is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Woodway 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 Woodway
- The average income of a Woodway resident is $50,144 a year. The US average is $37,638 a year.
- The Median household income of a Woodway resident is $105,483 a year. The US average is $69,021 a year.