Sumner, Texas, located in Collin County, is a small town with a population of 486. The average rent for a two-bedroom apartment in Sumner is $830 per month, which is almost half the national average of $1,430. Additionally, the Grocery Cost Index in Sumner is 94 compared to 100 nationally.
The local economy is driven by businesses such as Top Hat Storage & Feed Supply and House of Parts Inc., both of which are based in Sumner. There's also a variety of restaurants like Sonic Drive-In and Papa John's Pizza that provide delicious culinary options for residents and visitors alike. With its affordable cost of living and strong business sector, Sumner remains an attractive community for those looking to move away from larger cities in Texas.
Sumner (zip 75486) has an unemployment rate of 7.2%. The US average is 6.0%.
Sumner (zip 75486) has seen the job market increase by 3.1% over the last year. Future job growth over the next ten years is predicted to be 45.8%, which is higher than the US average of 33.5%.
Tax Rates for Sumner (zip 75486)
- The Sales Tax Rate for Sumner (zip 75486) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Sumner (zip 75486) 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 Sumner (zip 75486)
- The average income of a Sumner (zip 75486) resident is $22,096 a year. The US average is $28,555 a year.
- The Median household income of a Sumner (zip 75486) resident is $81,094 a year. The US average is $69,021 a year.