Brownwood, TX Metro Area is a great place to live with many exciting attractions and a thriving local economy. The cost of living in Brownwood is relatively lower than the national average with an average two bedroom rent of $910 compared to the US 2 bedroom rent of $1430. The Grocery Cost Index in Brownwood is 90 versus 100 in the US, making it an even more economical choice for those looking for an affordable place to call home. There are plenty of local companies in Brownwood such as Lamar University and Texas State Technical College, giving residents access to various employment opportunities. Furthermore, there are also many recreational activities such as golf courses and lakes that provide plenty of outdoor fun for locals. All these factors make the Brownwood Metro Area a great option for anyone looking for a cost-effective place to live.
Brownwood Metro Area has an unemployment rate of 6.3%. The US average is 6.0%.
Brownwood Metro Area has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Brownwood Metro Area
- The Sales Tax Rate for Brownwood Metro Area is 7.7%. The US average is 7.3%.
- The Income Tax Rate for Brownwood Metro Area 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 Brownwood Metro Area
- The average income of a Brownwood Metro Area resident is $27,819 a year. The US average is $37,638 a year.
- The Median household income of a Brownwood Metro Area resident is $49,232 a year. The US average is $69,021 a year.