Buchanan Lake Village, TX Economy


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United States / Texas / No Metro Area / Llano County / Buchanan Lake Village / Zip Codes
Buchanan Lake Village, TX is a small town located in the Lone Star State. It has an estimated population of 1,400 and is known for its rural charm and friendly atmosphere. The cost of living is relatively low compared to other parts of Texas with two bedroom rents averaging $1,040 per month and the grocery cost index being 91 versus the national average of 100. It is also home to a variety of businesses including the Buchanan Lake Village Medical Center, Buchanan Lake Auto Repair, and M&S Country Market. Residents here enjoy the small-town feel while still having access to major amenities in nearby cities.

Buchanan Lake Village has an unemployment rate of 6.4%. The US average is 6.0%.

Buchanan Lake Village has seen the job market increase by 0.8% 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 Buchanan Lake Village
- The Sales Tax Rate for Buchanan Lake Village is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Buchanan Lake Village 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 Buchanan Lake Village
- The average income of a Buchanan Lake Village resident is $24,156 a year. The US average is $28,555 a year.
- The Median household income of a Buchanan Lake Village resident is $48,413 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBuchanan Lake Village, TexasUnited States
  6.46
  -4.3%-6.2%
  31.5%33.5%
  6.3%6.2%
  0.0%4.6%
  $43,121$37,638
  $48,413$69,021
  $49,087$85,028
  Population by Occupation
  9.3%1.2%
  0.0%0.5%
  19.5%6.8%
  0.0%10.0%
  0.0%2.5%
  18.5%11.0%
  3.9%4.8%
  0.0%0.8%
  0.0%1.9%
  6.8%4.7%
  0.0%1.9%
  7.8%7.6%
  0.0%0.1%
  0.0%4.2%
  4.9%9.3%
  6.8%14.0%
  0.0%2.1%
  5.9%7.0%
  6.8%4.8%
  9.8%4.7%
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