Addison, TX is an affluent suburb of Dallas and home to more than 43,000 residents. It is known for its variety of dining and shopping options as well as cultural activities such as the Addison Improv Comedy Club. The cost of living in Addison is slightly higher than the national average due to the 2 bedroom rent being $2,160 compared to $1,430 across the US. Additionally, the grocery cost index is 103 versus 100 nationally. Local companies include Addison IT Solutions, Addison Tree Service and Addison Accounting Services. With a thriving economy and great quality of life, it’s easy to see why so many people choose to live in this vibrant city.
Addison has an unemployment rate of 7.2%. The US average is 6.0%.
Addison has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 43.8%, which is higher than the US average of 33.5%.
Tax Rates for Addison
- The Sales Tax Rate for Addison is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Addison 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 Addison
- The average income of a Addison resident is $49,867 a year. The US average is $28,555 a year.
- The Median household income of a Addison resident is $74,012 a year. The US average is $69,021 a year.