75845 Groveton, TX is a small town with a population of just over 2000 people located near the border of East Texas and Louisiana. The 2 bedroom rent in this area is just $920 per month, which is around 35% lower than the US average of $1,430. This makes it an ideal destination for individuals or families looking to move into an affordable area. Additionally, with the Grocery Cost Index being 91 versus 100 in the US, it's also great for those looking to live on a budget.
The local economy relies heavily on lumber and paper mills as well as farming and ranching activities. Popular companies within the Groveton region that provide employment opportunities include Georgia Pacific Corporation, All Saints Episcopal School, and Trinity Valley Community College. There are also several small businesses in operation including restaurants, retail stores, and automotive repair shops that offer part-time work for citizens in the area.
Groveton (zip 75845) has an unemployment rate of 8.8%. The US average is 6.0%.
Groveton (zip 75845) has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Groveton (zip 75845)
- The Sales Tax Rate for Groveton (zip 75845) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Groveton (zip 75845) 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 Groveton (zip 75845)
- The average income of a Groveton (zip 75845) resident is $32,301 a year. The US average is $37,638 a year.
- The Median household income of a Groveton (zip 75845) resident is $49,766 a year. The US average is $69,021 a year.