Lopezville, TX is a city located in Hidalgo County with many local businesses. The cost of living in Lopezville is relatively low compared to the rest of the United States. For example, according to recent data, the 2 bedroom rent in Lopezville is only $850 per month whereas the US average for 2 bedroom rent is $1,430. Additionally, grocery cost index in Lopezville is 90 versus 100 in the US. The local businesses that have grown significantly in this town include El Toro Restaurante Mexicano, La Fonda de Maria Mexican Restaurant & Grill and Lopezville Pawn Shop. These businesses offer an array of products and services that help make life easier for locals in this community.
Lopezville has an unemployment rate of 11.2%. The US average is 6.0%.
Lopezville has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Lopezville
- The Sales Tax Rate for Lopezville is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lopezville 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 Lopezville
- The average income of a Lopezville resident is $12,459 a year. The US average is $28,555 a year.
- The Median household income of a Lopezville resident is $32,596 a year. The US average is $69,021 a year.