Sherman-Denison, TX Metro Area is an attractive place to live with affordable living costs. The average two bedroom rent in the area is $1,050 compared to $1,430 across the United States. Grocery Cost Indexes are also low at 95 versus 100 in the US. This makes Sherman-Denison a desirable location for those looking for a cost-effective lifestyle without sacrificing quality of life. The city is home to a number of companies such as Texas Instruments, Inteva Products LLC and Raytheon Technologies Corporation. These businesses provide local jobs and bring money into the area. Additionally, there are many independent businesses to enjoy that give Sherman-Denison its unique flavor.
Sherman-Denison Metro Area has an unemployment rate of 5.7%. The US average is 6.0%.
Sherman-Denison Metro Area 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 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Sherman-Denison Metro Area
- The Sales Tax Rate for Sherman-Denison Metro Area is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Sherman-Denison 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 Sherman-Denison Metro Area
- The average income of a Sherman-Denison Metro Area resident is $24,614 a year. The US average is $28,555 a year.
- The Median household income of a Sherman-Denison Metro Area resident is $62,078 a year. The US average is $69,021 a year.