76640 Elm Mott, TX is a small rural town located in the northern region of Texas. It has a population of around 1,500 people and is known for its low cost of living. The average 2 bedroom rent in 76640 Elm Mott, TX is $940 which is significantly lower than the U.S average of $1,430. Additionally, the grocery cost index in 76640 Elm Mott, TX is 92 which is 8 points lower than the U.S average of 100. This makes it an ideal location for those looking to live on a budget. The city has local businesses such as Pecan Valley RV Park, Elite Glass & Tint and Estes Ranch Western Wear to name a few.
Elm Mott (zip 76640) has an unemployment rate of 6.0%. The US average is 6.0%.
Elm Mott (zip 76640) has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Elm Mott (zip 76640)
- The Sales Tax Rate for Elm Mott (zip 76640) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Elm Mott (zip 76640) 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 Elm Mott (zip 76640)
- The average income of a Elm Mott (zip 76640) resident is $20,643 a year. The US average is $28,555 a year.
- The Median household income of a Elm Mott (zip 76640) resident is $50,304 a year. The US average is $69,021 a year.