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Population: 36,091
Median Age: 35
Unemployment Rate: 2.5%
Male: 50.0%
Female: 50.0%
Median Income: $77,306
Median Rent: $1,499

Education (% Population)

High School: 18.1%
Some College: 22.7%
Bachelors Degree: 27.0%
Graduate Degree: 15.9%
STEM Degree: 40.60%


County: Dallas
Time Zone: America/Chicago
Median Commute (Minutes): 22.6
Median Home Value: $231,916

Business Climate Overview

Farmers Branch is a city in Dallas County, TX, and is located in close proximity to major highways such as I-35E and I-635. The business climate in Farmers Branch makes it a strong option for business expansion and relocation projects because of its central location in the Dallas-Fort Worth metroplex, access to a skilled workforce, and favorable tax environment. The city is home to companies like IBM, AT&T, and Tenet Healthcare.
Here are some specific elements of the business climate in Farmers Branch that make it attractive for corporate expansion and relocation projects:
  • Taxes: Farmers Branch has a favorable tax environment for businesses, with no corporate income tax and a low state sales tax rate of 6.25%. Additionally, Texas does not have a personal income tax.
  • Workforce: Farmers Branch has a diverse and skilled workforce, with professionals in various industries such as technology, healthcare, and finance. The city is easily accessible for workers through major highways and public transportation options.
  • Wages: The median household income in Farmers Branch is approximately $74,000, while the median rent is around $1,200.
  • Industries: Some of the popular industries in Farmers Branch include technology, healthcare, finance, and manufacturing.
  • Quality of Life: Farmers Branch offers a high quality of life with its vibrant downtown area, which features a variety of shops, restaurants, and entertainment venues. The city also has a thriving nightlife scene and is known for its outdoor recreational opportunities, including parks and trails.
  • Education: Nearby universities and community colleges include the University of Texas at Dallas, which is known for its programs in engineering and computer science, and Brookhaven College, which offers a range of associate degree programs and workforce training.

Tax Rates

The local sales tax rate in Farmers Branch, TX is 2%, while the state sales tax rate for Texas is 6.25%. In addition to these, Dallas County, where Farmers Branch is located, imposes a county sales tax rate of 1.75%. Therefore, the combined sales tax rate for Farmers Branch, TX is 10%.

As for corporate income tax and gross receipts tax, Texas does not impose a corporate income tax. However, the state does have a gross receipts tax known as the Texas Franchise Tax. The rate varies depending on the type of business, with most businesses paying a rate of 0.75% on their taxable margin. It's important to note that certain businesses may qualify for a lower rate or be exempt from this tax.

Regarding property taxes in Farmers Branch, TX, these rates are determined by different local entities. Commercial and industrial property taxes are typically assessed at the same rate as residential properties. The total property tax rate in Farmers Branch, which includes rates set by the city, county, school district, and other special districts, is approximately 2.5% of the property's assessed value. Personal property, which includes vehicles and other movable property, is also subject to tax, with rates varying based on the type and value of the property.


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Farmers Branch, TX Map

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