79540 Old Glory, TX is a small rural town with plenty to offer. Its cost of living is well below the national average due to its 2 bedroom rent averaging $700, which is almost half of the US rate. Grocery Cost Index in Old Glory is also much lower than the US average at 91, making it one of the most affordable places to live. The town itself is known for its small-town hospitality and friendly people. Local companies include J M Farms, an agricultural business that grows various crops and livestock; Old Glory Cargo Co., a family owned transportation business; and Texas Pride BBQ Restaurant & Catering Co., which serves delicious smoked meats. Schools in the area include Old Glory High School and Grassland Elementary School. Popular local attractions include Skinner Creek Wildlife Area where visitors can go bird watching or fishing as well as the historic Big Red Oak Tree which has been around since before 1889.
Old Glory (zip 79540) has an unemployment rate of 5.1%. The US average is 6.0%.
Old Glory (zip 79540) has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 11.9%, which is lower than the US average of 33.5%.
Tax Rates for Old Glory (zip 79540)
- The Sales Tax Rate for Old Glory (zip 79540) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Old Glory (zip 79540) 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 Old Glory (zip 79540)
- The average income of a Old Glory (zip 79540) resident is $63,570 a year. The US average is $28,555 a year.
- The Median household income of a Old Glory (zip 79540) resident is $77,750 a year. The US average is $69,021 a year.