Affordability Advantages

Garland offers many incentives, including tax abatements, electric rate discounts, sales tax rebates, permit and development fee waivers and infrastructure cost participation. When it comes to attracting the right types of development and redevelopment projects in Garland, the GEDP uses creative and aggressive incentives to ensure satisfaction for all parties involved. 

Tax Burden

According to the Tax Foundation, the average Texas resident carries the fifth lowest tax burden compared to residents in all 50 states.

Top Ten States with the Lowest Tax Burden
 RateRank (1 is highest)Total State and Local Per Capita Taxes PaidPer Capita IncomeIncome Rank
US 9.9%  - $4,420 $46,049 -
AK 6.5% 50 $3,229 $54,012 8
SD 7.1% 48 $3,318 $45,279 23
WY 7.1% 48 $4,407 $54,584 6
TN 7.3% 47 $2,805 $40,457 36
LA 7.6% 45 $2,950 $42,030 30
TX 7.6% 45 $3,340 $45,669 22
NH 7.9% 44 $3,961 $52,773 9
NV 8.1% 43 $3,349 $40,742 34
SC 8.4% 42 $2,936 $36,677 48
MS 8.6% 41 $2,742 $34,431 50

Source: The Tax Foundation (last published in 2012) Updated October, 2016

Cost of Living

The Council for Community and Economic Research has published the ACCRA Cost of Living Index for urban areas for more than 30 years and survey results have consistently rated the Dallas Fort Worth Metroplex as one of the most affordable places to live. As of the fourth quarter in 2015, the cost of basic goods and services in DFW is 96.2% of the average cost of goods nationwide.

ACCRA Cost of Living Survey for Selected Urban Areas
Urban AreaOverallGroceryHousingUtilitiesTransportationHealth CareOther Goods & Services
U.S. Average = 100
Memphis, TN 84.5 89.4 68.2 94.9 88.2 88.2 91.5
Amarillo, TX 86.0 94.8 73.8 82.1 91.7 97.6 90.7
Oklahoma City, OK 88.2 91.2 75.6 102.7 89.3 95.2 91.8
Birmingham, AL 91.7 101.4 80.6 97.5 90.5 84.2 96.9
Baton Rouge, LA 92.5 102.4 88.9 80.9 86.6 102.4 96.0
Kansas City, MO-KS 94.2 91.1 91.7 90.5 93.4 95.4 98.8
Detroit, MI 95.4 88.8 91.1 104.5 104.8 96.4 95.5
Phoenix, AZ 95.9 98.5 95.1 96.7 99.8 97.2 93.9
Austin, TX 96.0 84.2 90.7 101.6 97.5 103.5 102.1
Dallas, TX 96.2 100.9 76.4 99.5 99.0 102.0 108.3
Houston, TX 98.2 85.6 105.6 97.2 90.8 91.4 100.8
Atlanta, GA 99.9 103.7 97.8 93.6 104.8 101.4 100.4
Charleston, SC 101.0 106.6 96.5 115.5 91.4 106.4 100.6
Cleveland, OH 101.2 108.8 93.7 100.3 99.2 108.7 104.6
Minneapolis, MN 108.3 108.0 112.3 93.1 111.9 105.5 108.8
Denver, CO 109.7 99.2 130.7 94.6 98.2 107.8 104.9
Miami, FL 112.4 108.7 130.1 96.8 112.4 105.0 104.8
Chicago, IL 116.3 116.7 136.2 104.2 114.3 99.1 105.9
Los Angeles, CA 140.4 106.3 214.1 115.7 132.4 109.3 106.0
Seattle, WA 140.5 124.6 184.6 107.8 120.9 120.6 128.8
Boston, MA 144.5 105.0 194.5 151.8 109.8 130.4 129.1
New York, NY 227.8 128.1 459.4 130.6 131.0 116.3 148.6

Source: Center for Community and Economic Research

Housing Affordability

Houses in Garland, Texas

The cost of housing in Texas is 72.1% of the average cost of housing in the United States, meaning Texas is very affordable as compared to other states and the nation as a whole. Garland itself is one of the most affordable places to buy a home as it is consistantly ranked at the top of all major Texas cities in housing affordability. According to Texas A & M University’s Texas Housing Affordability Index, as of December 2015, Garland was rated the 5th most affordable  of any Texas city adjusted for cost of living.