Somervell County, TX Economy


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United States / Texas / / Somervell County / Cities / Zip Codes
Somervell, TX County is a great place to live. The cost of living is much lower than in the rest of the US, wit h2 bedroom rent at about $960 and a grocery cost index of 98 versus 100 in the US. For those looking for employment, there are local companies such as Somervell County Hospital and Top Shelf Wellness that offer competitive wages and benefits. Additionally, this county features several attractions, such as Rough Creek Lodge & Resort, Dinosaur Valley State Park, and Fossil Rim Wildlife Center that make living here enjoyable. With so much to offer, it's no wonder that Somervell County has become an increasingly popular destination for people from all over Texas.

Somervell County has an unemployment rate of 6.7%. The US average is 6.0%.

Somervell County has seen the job market increase by 2.7% 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 Somervell County
- The Sales Tax Rate for Somervell County is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Somervell 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 Somervell County
- The average income of a Somervell County resident is $26,708 a year. The US average is $28,555 a year.
- The Median household income of a Somervell County resident is $89,253 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySomervell, TexasUnited States
  6.76
  -3.9%-6.2%
  35.7%33.5%
  6.3%6.2%
  0.0%4.6%
  $37,395$37,638
  $89,253$69,021
  $95,768$85,028
  Population by Occupation
  2.7%1.2%
  2.9%0.5%
  14.8%6.8%
  10.5%10.0%
  0.5%2.5%
  7.2%11.0%
  4.5%4.8%
  3.0%0.8%
  0.6%1.9%
  4.1%4.7%
  3.1%1.9%
  4.1%7.6%
  0.0%0.1%
  6.3%4.2%
  8.9%9.3%
  15.7%14.0%
  0.8%2.1%
  2.4%7.0%
  3.6%4.8%
  4.1%4.7%
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