Cranfills Gap is a small and rural town located in Bosque County, Texas. It has a population of 1,131 and has an area of 2.7 square miles. Located in the heart of Central Texas Hill Country, Cranfills Gap is known for its scenic beauty and relaxed lifestyle. The median 2 bedroom rental cost in Cranfills Gap is $840 whereas it is $1,430 on average in the US. This makes housing one of the most affordable aspects of living in this area. Grocery Cost Index in Cranfills Gap is 94 versus 100 in the US which indicates that food items can also be very affordable here compared to the rest of the country. There are a few local businesses operating out of Cranfills Gap such as Rauton’s Grocery Store, C & J Processing Plant, Sol’s Variety Store, D’Costa’s Beauty Salon and much more. All these factors make it clear that living costs are extremely low in this region making it one of the most budget-friendly areas to live in Texas.
Cranfills Gap (zip 76637) has an unemployment rate of 5.6%. The US average is 6.0%.
Cranfills Gap (zip 76637) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Cranfills Gap (zip 76637)
- The Sales Tax Rate for Cranfills Gap (zip 76637) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Cranfills Gap (zip 76637) 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 Cranfills Gap (zip 76637)
- The average income of a Cranfills Gap (zip 76637) resident is $32,780 a year. The US average is $28,555 a year.
- The Median household income of a Cranfills Gap (zip 76637) resident is $60,625 a year. The US average is $69,021 a year.