Lorenzo, TX is a small suburban town located just outside of Lubbock. It’s a great place to live with low cost of living expenses and access to all the amenities you could want. The two-bedroom rent in Lorenzo, TX is only $890 compared to the US average of $1,430. There is also a great grocery cost index of 89 compared to 100 in the US.
The city has a number of local businesses such as WalMart Supercenter, Texas Roadhouse and Starbucks Coffee. There are plenty of places to shop, eat and entertain yourself. With so many options available it can make for an enjoyable day out with family or friends. Other amenities include public parks, swimming pools, tennis courts and golf courses for outdoor recreation. Overall, Lorenzo is an affordable city to live in that offers plenty of opportunity for rest and relaxation or adventure and exploration.
Lorenzo has an unemployment rate of 6.4%. The US average is 6.0%.
Lorenzo has seen the job market decrease by -4.1% over the last year. Future job growth over the next ten years is predicted to be 23.6%, which is lower than the US average of 33.5%.
Tax Rates for Lorenzo
- The Sales Tax Rate for Lorenzo is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lorenzo 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 Lorenzo
- The average income of a Lorenzo resident is $16,006 a year. The US average is $37,638 a year.
- The Median household income of a Lorenzo resident is $33,008 a year. The US average is $69,021 a year.