Amarillo, TX is a great city for anyone looking for a comfortable lifestyle. The cost of living is quite reasonable with two bedroom rent coming in at $1,020 compared to the US average of $1,430. Grocery cost index comes in at 92 versus 100 in the US. There are many local businesses that make Amarillo unique and attractive to visitors and residents alike. Popular companies include Pantex – an assembly plant for nuclear weapons; Tyson Foods – a meat production facility; B&W Pantex – a joint venture between two defense contractors; and JBS Five Rivers Cattle Feeding – one of the largest cattle feedlots in the world. With plenty of job opportunities and easy access to amenities, Amarillo is an ideal location for those interested in living or visiting this vibrant Texas city.
Amarillo has an unemployment rate of 4.9%. The US average is 6.0%.
Amarillo has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Amarillo
- The Sales Tax Rate for Amarillo is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Amarillo is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Amarillo
- The average income of a Amarillo resident is $24,904 a year. The US average is $28,555 a year.
- The Median household income of a Amarillo resident is $55,174 a year. The US average is $69,021 a year.