The labor force participation rate in Groesbeck is 47.4%, with an unemployment rate of 6.7%. For anyone located in the labor force, the typical commute time is 19.2 minutes. 3% of Groesbeck’s community have a graduate degree, and 12.3% have earned a bachelors degree. Among those without a college degree, 32.5% have at least some college, 35.1% have a high school diploma, and just 17.2% possess an education not as much as senior school. 13.1% are not covered by health insurance.
The average household size in Groesbeck, TX is 3.32 residential members, with 62.9% being the owner of their very own residences. The average home value is $97370. For those leasing, they spend on average $678 per month. 38.5% of families have 2 incomes, and a median domestic income of $38618. Average individual income is $19519. 22.7% of inhabitants survive at or below the poverty line, and 15.9% are disabled. 10.3% of residents of the town are ex-members of the armed forces of the United States.
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