Knott, Texas (79748) is a small city located in Taylor County with an estimated population of 810 people. It offers many recreational activities such as hiking, fishing, camping, and hunting for outdoor enthusiasts. The average two-bedroom rent in Knott is $960 which is significantly lower than the U.S. average of $1,430 making it an ideal place for those who are looking for good value on their rent payment. In addition to this savings on housing costs, there are also low grocery costs in Knott with a Grocery Cost Index of 91 compared to the US national average of 100. Local companies such as Taylor Dry Good Store and Thacker's Grocery offer residents a variety of products at more affordable prices than can be found elsewhere in the country. All in all, Knott provides its residents with a great quality of life that offers lower living expenses than most other locations around the United States.
Knott (zip 79748) has an unemployment rate of 8.0%. The US average is 6.0%.
Knott (zip 79748) has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 27.9%, which is lower than the US average of 33.5%.
Tax Rates for Knott (zip 79748)
- The Sales Tax Rate for Knott (zip 79748) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Knott (zip 79748) 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 Knott (zip 79748)
- The average income of a Knott (zip 79748) resident is $25,613 a year. The US average is $28,555 a year.
- The Median household income of a Knott (zip 79748) resident is $50,000 a year. The US average is $69,021 a year.