Fred, TX 77616 is an excellent place to call home. The average 2 bedroom rent in Fred, TX 77616 is $820, which is about 43% lower than the US average of $1,430. Additionally, Fred's Grocery Cost Index is 91 versus the 100 in the US, which saves money on groceries. There are several local companies in Fred offering rental agreements including Apartment Source, Rental Source USA and Texas Apartments. When budgeting for groceries, a family of four can generally expect to spend around $150-$200 per week on basic items such as milk, bread and eggs.
Fred (zip 77616) has an unemployment rate of 9.5%. The US average is 6.0%.
Fred (zip 77616) has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 6.2%, which is lower than the US average of 33.5%.
Tax Rates for Fred (zip 77616)
- The Sales Tax Rate for Fred (zip 77616) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Fred (zip 77616) 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 Fred (zip 77616)
- The average income of a Fred (zip 77616) resident is $32,715 a year. The US average is $28,555 a year.
- The Median household income of a Fred (zip 77616) resident is $81,716 a year. The US average is $69,021 a year.