Milam, TX County is an attractive county located in the Central Texas region. It has a lower-than-average cost of living, with 2 bedroom rents averaging $830 - significantly lower than the US average of $1,430. Moreover, the Grocery Cost Index in Milam County is 91 compared to 100 for the US as a whole.\nMany large companies have established branches in Milam County such as Apple Inc., Google LLC and Amazon Inc., providing local jobs and furthering economic development. Additionally, small businesses like K’s Koffee Shop and John's Bakery are popular local favorites that can be found throughout the county. Residents of Milam County enjoy access to many amenities due to its prime location near larger cities like Austin and Houston.
Milam County has an unemployment rate of 7.6%. The US average is 6.0%.
Milam County has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Milam County
- The Sales Tax Rate for Milam County is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Milam 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 Milam County
- The average income of a Milam County resident is $21,465 a year. The US average is $28,555 a year.
- The Median household income of a Milam County resident is $52,810 a year. The US average is $69,021 a year.