Smith County, TX Economy


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United States / Texas / / Smith County / Cities / Zip Codes
Smith, TX County is an ideal place to live with its reasonable cost of living. The average rent for a two bedroom apartment is $1,130, which is significantly lower than the US rate of $1,430. Additionally, the grocery cost index in Smith is 93 versus 100 in the US. \nSmith also offers residents a variety of local companies and amenities such as Smith Automotive Group, Mac's Grocery Store, and Central Park. Residents will be able to get their car serviced at Smith Automotive Group or pick up groceries at Mac’s Grocery Store. Popular attractions near Smith include Central Park which features walking trails and other outdoor activities. As you can see, Smith is a great place to live with its low cost of living and many local businesses and amenities available for residents to enjoy.

Smith County has an unemployment rate of 6.5%. The US average is 6.0%.

Smith County has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 36.4%, which is higher than the US average of 33.5%.

Tax Rates for Smith County
- The Sales Tax Rate for Smith County is 7.4%. The US average is 7.3%.
- The Income Tax Rate for Smith 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 Smith County
- The average income of a Smith County resident is $31,295 a year. The US average is $37,638 a year.
- The Median household income of a Smith County resident is $62,518 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySmith, TexasUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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