Fate, TX is a small city located in Rockwall County, and is home to several businesses such as AutoZone, Lowe’s Home Improvement, and Sonic Drive-In. The cost of living in Fate is slightly higher than the US average as evidenced by its grocery cost index of 101 versus 100 in the US. Additionally, the 2 bedroom rent in Fate is currently $1,910 compared to $1,430 for the US. Despite this higher cost of living, many people find Fate to be an attractive place to live due to its convenient location and friendly community.
Fate has an unemployment rate of 5.6%. The US average is 6.0%.
Fate 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 50.1%, which is higher than the US average of 33.5%.
Tax Rates for Fate
- The Sales Tax Rate for Fate is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Fate 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 Fate
- The average income of a Fate resident is $31,868 a year. The US average is $28,555 a year.
- The Median household income of a Fate resident is $114,280 a year. The US average is $69,021 a year.