Gladewater, Texas is a small city located in east Texas known for its rich history and vibrant local community. The city is home to a number of successful businesses such as the Gladewater Mirror, Allphase Electrical Solutions and Lone Star Automotive Group. The 2 bedroom rent in Gladewater is $1,080 while the US 2 bedroom rent average is $1,430 - making it more affordable for people to relocate or start up residence in the city. The Grocery Cost Index in Gladewater is 91 versus 100 in the US; meaning groceries are 9 percent cheaper than national average. This makes Gladewater an attractive place to live with its lower rent prices and cost of living advantage.
Gladewater has an unemployment rate of 8.0%. The US average is 6.0%.
Gladewater has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Gladewater
- The Sales Tax Rate for Gladewater is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Gladewater 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 Gladewater
- The average income of a Gladewater resident is $21,945 a year. The US average is $37,638 a year.
- The Median household income of a Gladewater resident is $43,750 a year. The US average is $69,021 a year.