Palestine, TX 75801 is a small town with a population of 18,712 people. It is known for its affordability in terms of both rent and cost of living. The average 2 bedroom rent in Palestine, TX is $890 compared to the US average of $1,430, while Grocery Cost Index in Palestine is 93 versus 100 in the US. This makes it an attractive place for people looking to buy or rent property at an affordable price.
The local economy of Palestine, TX is mainly driven by companies such as Walmart, which employs over 500 people and provides much needed goods and services throughout the area. Additionally, there are many smaller businesses that contribute to the growth of Palestine's economy including Palmetto Animal Hospital, Brookshires Grocery Store, DQ Grill & Chill Restaurant and Big Lots Discount Store. These businesses provide employment opportunities to many locals as well as top-notch products at competitive prices to those living in the community. All these companies have contributed significantly towards strengthening the local economy of Palestine, TX 75801.
Palestine (zip 75801) has an unemployment rate of 6.2%. The US average is 6.0%.
Palestine (zip 75801) has seen the job market decrease by -3.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Palestine (zip 75801)
- The Sales Tax Rate for Palestine (zip 75801) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Palestine (zip 75801) 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 Palestine (zip 75801)
- The average income of a Palestine (zip 75801) resident is $24,703 a year. The US average is $37,638 a year.
- The Median household income of a Palestine (zip 75801) resident is $48,215 a year. The US average is $69,021 a year.