Richards, TX (77873) is an affordable place to live as evidenced by the average 2 Bedroom rent of $1,040 compared to the US average of $1,430. Buying groceries is also more economical in Richards as the Grocery Cost Index is 94 versus 100 in the US. \nLiving in Richards also offers a variety of employment opportunities as local companies such as Dixie Electric Power Co-op, LKQ Auto Parts Houston, and Ball & Son Logging provide jobs to members of the community. Additionally, G&S Industrial Supply and OnPoint Safety Solutions are other prominent local businesses that help contribute to Richards’ economy. With an abundance of affordable housing and plenty of job opportunities Richards continues to be a vibrant small town located in Montgomery County Texas.
Richards (zip 77873) has an unemployment rate of 8.0%. The US average is 6.0%.
Richards (zip 77873) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 14.4%, which is lower than the US average of 33.5%.
Tax Rates for Richards (zip 77873)
- The Sales Tax Rate for Richards (zip 77873) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Richards (zip 77873) 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 Richards (zip 77873)
- The average income of a Richards (zip 77873) resident is $32,367 a year. The US average is $37,638 a year.
- The Median household income of a Richards (zip 77873) resident is $57,159 a year. The US average is $69,021 a year.