Belton, TX is a city located in Bell County with a population of approximately 20,000 people. It is home to several local businesses such as Texas Farm Bureau Insurance, The Boyer Corporation, and Goodall Homes. The cost of living in Belton is quite affordable compared to other parts of the US. For instance, the rent for a 2-bedroom apartment is only $940 while the national average for a similar apartment is $1,430. Additionally, the grocery cost index in Belton is 95 versus 100 in the US, suggesting that groceries are very affordable here as well. Altogether this makes Belton an excellent choice for those looking for a place to call home at an affordable price.
Belton has an unemployment rate of 7.1%. The US average is 6.0%.
Belton has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 36.3%, which is higher than the US average of 33.5%.
Tax Rates for Belton
- The Sales Tax Rate for Belton is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Belton 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 Belton
- The average income of a Belton resident is $21,415 a year. The US average is $28,555 a year.
- The Median household income of a Belton resident is $51,490 a year. The US average is $69,021 a year.