Southlake, TX is a beautiful suburb located northwest of Dallas. With a population of more than 30,000 people, Southlake is a great place to live for families who want to be close to the hustle and bustle of the city while still enjoying the peace and quiet of small-town life. The average rent for a two bedroom in Southlake is $1,870 per month, which is significantly higher than the national average of $1,430. Additionally, food costs are slightly higher than in other parts of Texas; the Grocery Cost Index in Southlake is 110 compared to 100 nationally.
Southlake has attracted many big businesses over the years including Deloitte, T-Mobile, Verizon Wireless, Frito-Lay, RadioShack Corporation and Alcon Laboratories. These companies have helped make Southlake one of the most affluent cities in Texas. For those considering relocating to Southlake or visiting on vacation, it's important to consider the area's cost of living before making any decisions. Although rent prices in particular might be higher than average here in Southlake, residents enjoy access to excellent schools and parks as well as a range of amenities that make this city an attractive place to live or visit.
Southlake (zip 76092) has an unemployment rate of 4.8%. The US average is 6.0%.
Southlake (zip 76092) has seen the job market increase by 2.7% over the last year. Future job growth over the next ten years is predicted to be 44.2%, which is higher than the US average of 33.5%.
Tax Rates for Southlake (zip 76092)
- The Sales Tax Rate for Southlake (zip 76092) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Southlake (zip 76092) 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 Southlake (zip 76092)
- The average income of a Southlake (zip 76092) resident is $74,180 a year. The US average is $28,555 a year.
- The Median household income of a Southlake (zip 76092) resident is $240,694 a year. The US average is $69,021 a year.