The small city of Honey Grove, Texas (zip code 75446) offers a great quality of life compared to other cities in the United States. In terms of rent, the average two-bedroom rental price in the area is $890 - much lower than the US average of $1,430. This makes it easy for those looking for an affordable place to rent. The cost of groceries in Honey Grove is also lower than the national average, with a Grocery Cost Index score of 93 versus 100 nationally.
Honey Grove also offers local businesses such as Strickland's Farm and Ranch Supply and Ledford's Electrical Services which are both family-run businesses that have been helping serve the community since 1974. Additionally, there is also a Farmer’s Coop Association that provides locals with fresh produce from nearby farms. All these places help provide a welcoming atmosphere for all residents in Honey Grove.
Honey Grove (zip 75446) has an unemployment rate of 5.1%. The US average is 6.0%.
Honey Grove (zip 75446) has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Honey Grove (zip 75446)
- The Sales Tax Rate for Honey Grove (zip 75446) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Honey Grove (zip 75446) 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 Honey Grove (zip 75446)
- The average income of a Honey Grove (zip 75446) resident is $23,281 a year. The US average is $28,555 a year.
- The Median household income of a Honey Grove (zip 75446) resident is $53,435 a year. The US average is $69,021 a year.