Zip 75780 (New Summerfield, TX) Economy


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New Summerfield, TX is a small town located in the state of Texas. It has a population of 75780 and is known for its rural atmosphere. If you're looking for an affordable place to call home, New Summerfield is a great choice as the average 2 bedroom rent here is only $870 compared to the US average of $1,430. The Grocery Cost Index for New Summerfield is also relatively low at 88 compared to 100 in the US.
The area offers plenty of employment opportunities at local businesses such as Walmart Supercenter and O'Reilly Auto Parts. There are also plenty of amenities to enjoy including cinemas, bowling alleys, parks and golf courses. With its low cost of living and range of activities available, New Summerfiled is an ideal destination for anyone looking to relocate or just visit!

New Summerfield (zip 75780) has an unemployment rate of 7.6%. The US average is 6.0%.

New Summerfield (zip 75780) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.

Tax Rates for New Summerfield (zip 75780)
- The Sales Tax Rate for New Summerfield (zip 75780) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for New Summerfield (zip 75780) 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 New Summerfield (zip 75780)
- The average income of a New Summerfield (zip 75780) resident is $19,786 a year. The US average is $28,555 a year.
- The Median household income of a New Summerfield (zip 75780) resident is $85,208 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Summerfield, TexasUnited States
  7.66
  -2.9%-6.2%
  24.4%33.5%
  7.8%6.2%
  0.0%4.6%
  $28,542$37,638
  $85,208$69,021
  $106,250$85,028
  Population by Occupation
  31.7%1.2%
  0.0%0.5%
  10.1%6.8%
  14.1%10.0%
  2.5%2.5%
  9.0%11.0%
  4.0%4.8%
  9.5%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  2.5%9.3%
  12.1%14.0%
  0.0%2.1%
  3.0%7.0%
  1.5%4.8%
  0.0%4.7%
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