Homestead Meadows North, TX is an attractive area to live in due to its low cost of living. The average two-bedroom rent in the area is $1,200 which is significantly lower than the US average of $1,430. The grocery cost index in Homestead Meadows North is 93 compared to 100 in the US. Besides cost savings, there are many companies located in this area that contribute to its vibrant economy. Popular businesses include Walmart, Whataburger, CVS Pharmacy and Bank of America. With a lower living expense and strong local job market, Homestead Meadows North provides an excellent opportunity for those looking for a place to live and work.
Homestead Meadows North has an unemployment rate of 7.8%. The US average is 6.0%.
Homestead Meadows North has seen the job market decrease by -4.2% over the last year. Future job growth over the next ten years is predicted to be 35.7%, which is higher than the US average of 33.5%.
Tax Rates for Homestead Meadows North
- The Sales Tax Rate for Homestead Meadows North is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Homestead Meadows North 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 Homestead Meadows North
- The average income of a Homestead Meadows North resident is $14,628 a year. The US average is $37,638 a year.
- The Median household income of a Homestead Meadows North resident is $50,114 a year. The US average is $69,021 a year.