Lorena, TX is a small city located in the southeastern part of the state. It is known for its attractive scenery and peaceful atmosphere and is a popular spot for people looking to escape the hustle and bustle of bigger cities. The cost of living in Lorena is reasonably low with 2 bedroom rent costing $1,150 compared to the US average of $1,430 and grocery cost index being 97 versus 100 in the US. There are plenty of local companies that can be beneficial to new residents such as Lorena Pharmacy, Lorena Veterinary Clinic, Firehouse BBQ & Grill, and H&D Pawn Shop. All offer great services that can help make transitioning into Lorena easier.
Lorena has an unemployment rate of 6.0%. The US average is 6.0%.
Lorena has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Lorena
- The Sales Tax Rate for Lorena is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lorena 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 Lorena
- The average income of a Lorena resident is $24,902 a year. The US average is $28,555 a year.
- The Median household income of a Lorena resident is $93,750 a year. The US average is $69,021 a year.