Abernathy, TX is a small town in the northern Texas Panhandle with a population of 2,467. It is known for its rural charm and strong sense of community. Home rental prices in Abernathy are significantly lower than the US average at $850 per month for a two-bedroom unit. Grocery costs are also much lower on average compared to the US as the Grocery Cost Index in Abernathy is 89 versus 100 in the US. \nThe economy of Abernathy is largely agriculturally based with companies such as J&L Farms providing farm labor services and Portis Fertilizer supplying agriculture products. The area also has several small businesses including The Old General Store offering books and gifts from local artisans, Sweet Love Bakery serving a variety of cakes, pastries and desserts, and Trinity Ranch Wear selling western apparel.
Abernathy has an unemployment rate of 7.4%. The US average is 6.0%.
Abernathy 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 21.9%, which is lower than the US average of 33.5%.
Tax Rates for Abernathy
- The Sales Tax Rate for Abernathy is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Abernathy 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 Abernathy
- The average income of a Abernathy resident is $21,421 a year. The US average is $28,555 a year.
- The Median household income of a Abernathy resident is $69,196 a year. The US average is $69,021 a year.