Tolar, TX is a small town located in Hood County with a population of 764. The average 2 bedroom rent in Tolar is $950, which is much lower than the US average of $1,430. In addition, Tolar's Grocery Cost Index is 99 versus 100 in the US making groceries more affordable. The local economy is mainly driven by agriculture and forestry activities. Notable local companies include Blanchard Milling Co., D & D Foods and Texas Red Dirt Farms. These businesses specialize in providing quality food products to residents of nearby towns as well as providing employment opportunities for locals. With its low cost of living and easy access to amenities, Tolar makes an ideal destination for those looking to relocate or start a new business.
Tolar (zip 76476) has an unemployment rate of 6.6%. The US average is 6.0%.
Tolar (zip 76476) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Tolar (zip 76476)
- The Sales Tax Rate for Tolar (zip 76476) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Tolar (zip 76476) 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 Tolar (zip 76476)
- The average income of a Tolar (zip 76476) resident is $29,266 a year. The US average is $37,638 a year.
- The Median household income of a Tolar (zip 76476) resident is $75,833 a year. The US average is $69,021 a year.