Ivanhoe, Texas is a small town located in the state of Texas. The population of this town is approximately 825 people as of the 2020 census. Ivanhoe boasts a low cost of living with an average two-bedroom rent being $860 compared to the US average of $1,430. Additionally, grocery costs are lower than average at an index score of 95 compared to 100 in the US.
Ivanhoe is home to several notable local companies and attractions. The most popular being Hondo's Bar-B-Q which serves some of the best barbecue around! Other local businesses include Ivanhoe Grocery, Miller Brothers Tavern, and Rogers Rental and Parts.
For entertainment, visitors can enjoy the nearby Lake O' The Pines which offers camping sites, picnic areas, trails for hiking or biking, boat ramps, and fishing piers. There is also an 18 hole golf course at Oakhurst Golf Club or you can take a scenic drive on FM Road 1752 through East Texas Piney Woods with its lush foliage and rustic charm.
Ivanhoe (zip 75447) has an unemployment rate of 5.1%. The US average is 6.0%.
Ivanhoe (zip 75447) 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 Ivanhoe (zip 75447)
- The Sales Tax Rate for Ivanhoe (zip 75447) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Ivanhoe (zip 75447) 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 Ivanhoe (zip 75447)
- The average income of a Ivanhoe (zip 75447) resident is $37,863 a year. The US average is $37,638 a year.
- The Median household income of a Ivanhoe (zip 75447) resident is $77,212 a year. The US average is $69,021 a year.