Tahoka, TX is a small town located in Lynn County with an estimated population of over 2,100 people. It is known for its small-town charm as well as its convenient access to larger cities like Lubbock and Midland. The cost of living in Tahoka, TX is much lower than the national average, with two bedroom rentals averaging around $850 per month versus $1,430 on a national basis. Additionally, grocery costs are also lower compared to other areas with the index sitting at 89 versus 100 in the US.
Tahoka has many local businesses that serve the community - some notable ones include Turf Tire Service, Krantz Family Farms, and D'Vine Wines & Spirits. Businesses like these give locals more options for jobs and services as they work to build their lives in Tahoka. Overall, living in Tahoka offers residents a great quality of life while benefiting from significant cost savings when compared to other cities in Texas.
Tahoka has an unemployment rate of 5.3%. The US average is 6.0%.
Tahoka has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 26.0%, which is lower than the US average of 33.5%.
Tax Rates for Tahoka
- The Sales Tax Rate for Tahoka is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Tahoka 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 Tahoka
- The average income of a Tahoka resident is $23,419 a year. The US average is $28,555 a year.
- The Median household income of a Tahoka resident is $39,142 a year. The US average is $69,021 a year.