Penelope, Texas (76676) is a small rural town located in Hill County about an hour south of Dallas. The cost of living is extremely affordable with the average 2 bedroom rent only costing $880 per month compared to the US average of $1,430. Groceries are also cheaper; with the cost index in Penelope being 93 compared to 100 in the US. With its low costs and rural charm, Penelope offers an ideal home for those looking for a quiet environment away from big cities.
The local economy is driven by agriculture and other small businesses including Nana's Country Store, Country Time Cafe, and P&G Feed Store. Residents also have access to a variety of local services including Hill County Health & Wellness Clinic, County Library, Penelope Police Department, and Penelope Fire Department. In addition to these services, Penelope is also close to larger cities such as Waco and Hillsboro which offer many additional resources for residents.
Penelope (zip 76676) has an unemployment rate of 6.5%. The US average is 6.0%.
Penelope (zip 76676) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.
Tax Rates for Penelope (zip 76676)
- The Sales Tax Rate for Penelope (zip 76676) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Penelope (zip 76676) is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Penelope (zip 76676)
- The average income of a Penelope (zip 76676) resident is $29,678 a year. The US average is $37,638 a year.
- The Median household income of a Penelope (zip 76676) resident is $56,250 a year. The US average is $69,021 a year.