Abbott, Texas is a charming community located in McLennan County. The average rent for a two bedroom apartment in Abbott is $1,010, which is substantially lower than the national average of $1,430. Additionally, the grocery cost index for this area stands at 95 versus 100 on a nationwide basis. Some of the local companies based in Abbott include Luke's Body Shop & Welding Service, Country Store Cafe & Saloon, and H&H Auto Repair & Performance. These businesses provide quality services to residents and visitors alike and are great examples of the small-town charm that Abbott offers.
Abbott (zip 76621) has an unemployment rate of 6.5%. The US average is 6.0%.
Abbott (zip 76621) has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Abbott (zip 76621)
- The Sales Tax Rate for Abbott (zip 76621) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Abbott (zip 76621) 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 Abbott (zip 76621)
- The average income of a Abbott (zip 76621) resident is $26,713 a year. The US average is $28,555 a year.
- The Median household income of a Abbott (zip 76621) resident is $87,727 a year. The US average is $69,021 a year.