79363 Shallowater, TX is a small town located in the heart of Texas. With a population of just under 3,000 people, the community has plenty to offer those who are looking for an affordable place to live. 2 Bedroom Rent in 79363 Shallowater is $890 compared to the US national average rent of $1,430. Grocery Cost Index in 79363 Shallowater is 94 versus 100 in the US. This means that living costs are significantly lower than the national average. Shallowater has a variety of local businesses such as Robin's Nest Floral & Gifts, The Hitchin' Post Bar-B-Que and Grill, and Scissors Saloon & Steakhouse that provide residents with goods and services at competitive prices.
Shallowater (zip 79363) has an unemployment rate of 5.8%. The US average is 6.0%.
Shallowater (zip 79363) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Shallowater (zip 79363)
- The Sales Tax Rate for Shallowater (zip 79363) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Shallowater (zip 79363) 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 Shallowater (zip 79363)
- The average income of a Shallowater (zip 79363) resident is $33,511 a year. The US average is $37,638 a year.
- The Median household income of a Shallowater (zip 79363) resident is $65,588 a year. The US average is $69,021 a year.