Farwell, TX is a small town located in the border region of Texas and New Mexico. It is an ideal location for those who enjoy the quiet life with a population of just over 3,000 people. Due to its sparse population, rental costs are accessible for two bedroom apartments at an average price of $830. The grocery cost index in Farwell stands at 91 compared to the US average of 100.
Local companies include Magdelana’s Auto Parts, Farwell Hardware & Lumber Supply, and Yes Construction. Farwell also offers a variety of attractions such as the Chavera Trail where visitors can enjoy outdoor activities like hiking, bird-watching or camping. The historic Saint Anthony's Church is located downtown and showcases traditional Mexican architecture and artwork from centuries past. Farwell also features several vintage stores along Main street that sell antique furniture and other home decor items.
Farwell has an unemployment rate of 3.3%. The US average is 6.0%.
Farwell has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Farwell
- The Sales Tax Rate for Farwell is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Farwell 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 Farwell
- The average income of a Farwell resident is $21,780 a year. The US average is $28,555 a year.
- The Median household income of a Farwell resident is $50,833 a year. The US average is $69,021 a year.