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Pecan Gap, TX Economy


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Pecan Gap, TX is a small town located in Fannin County. It is known for its low cost of living and affordable housing, with a two bedroom apartment rental averaging $1,070 compared to the US average of $1,430. Grocery costs are even more reasonable with an index of 94 versus 100 in the US. Despite its small size it has plenty to offer visitors and residents alike. There are several local businesses such as Fern鈥檚 Country Store, which sells fresh produce from nearby farms. Pecan Gap also offers a variety of recreational activities including camping at Hords Creek Lake and hiking along the local nature trails at Fort Boggy State Park. Other attractions include The Old Jail Museum and The Fannin County Historical Commission. With a pleasant climate all year round and interesting local attractions, Pecan Gap Texas is an ideal place to settle down or visit for a relaxing getaway.

Pecan Gap has an unemployment rate of 5.8%. The US average is 6.0%.

Pecan Gap has seen the job market decrease by -3.8% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.

Tax Rates for Pecan Gap
- The Sales Tax Rate for Pecan Gap is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Pecan Gap is 0.0%. The US average is 4.6%.
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Income and Salaries for Pecan Gap
- The average income of a Pecan Gap resident is $36,340 a year. The US average is $37,638 a year.
- The Median household income of a Pecan Gap resident is $66,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPecan Gap, TexasUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
Family Median Income 85028
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