Gaines, TX County is an economically advantageous place to live. The 2 bedroom rent of $830 is significantly lower than the national average of $1,430, making it a cost-effective area to reside. Additionally, the Grocery Cost Index of 91 is much lower than the national average of 100, making it a great place to stock up on groceries. The area has many local businesses that benefit from its population, like Gaines Insurance Agency and Gaines Auto Repair providing insurance and automotive services respectively. There are also a variety of restaurants serving delicious food such as El Burrito Loco and Panchito's Mexican Restaurant for Mexican cuisine and IHOP for American classics. Residents in Gaines have plenty of options when it comes to shopping and dining privileges.
Gaines County has an unemployment rate of 6.0%. The US average is 6.0%.
Gaines County has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 29.4%, which is lower than the US average of 33.5%.
Tax Rates for Gaines County
- The Sales Tax Rate for Gaines County is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Gaines County 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 Gaines County
- The average income of a Gaines County resident is $25,931 a year. The US average is $37,638 a year.
- The Median household income of a Gaines County resident is $67,728 a year. The US average is $69,021 a year.