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.
According to the Tax Foundation, the average Texas resident carries the fifth lowest tax burden compared to residents in all 50 states.
|Rate||Rank (1 is highest)||Total State and Local Per Capita Taxes Paid||Per Capita Income||Income Rank|
Source: The Tax Foundation (last published in 2012) Updated October, 2016
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.
|Urban Area||Overall||Grocery||Housing||Utilities||Transportation||Health Care||Other Goods & Services|
|U.S. Average = 100|
|Oklahoma City, OK||88.2||91.2||75.6||102.7||89.3||95.2||91.8|
|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|
|Los Angeles, CA||140.4||106.3||214.1||115.7||132.4||109.3||106.0|
|New York, NY||227.8||128.1||459.4||130.6||131.0||116.3||148.6|
Source: Center for Community and Economic Research
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.