Barrett, TX is a small city in Central Texas with an estimated population of 6,000 people. It is situated close to the Guadalupe River and offers residents a tranquil atmosphere. The 2 Bedroom rent is $1,120 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Barrett, TX was 97 versus 100 in the US which means groceries are more affordable here.
The economy of Barrett revolves around farming and ranching with many local farms and ranches operating here for generations. There is also a number of notable companies located in Barrett such as Advance Pro Tech Inc., GBY Bail Bonds, and J & B Carpet Cleaning who all contribute to the local economy.
Barrett has an unemployment rate of 8.0%. The US average is 6.0%.
Barrett has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Barrett
- The Sales Tax Rate for Barrett is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Barrett 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 Barrett
- The average income of a Barrett resident is $12,327 a year. The US average is $28,555 a year.
- The Median household income of a Barrett resident is $60,509 a year. The US average is $69,021 a year.