Ransom Canyon, TX is a small town located in Lubbock County with a population of 1,098. It is known for its diverse landscape and rolling terrain. The cost of living is relatively low as evidenced by the 2 bedroom rent of $1,160 compared to the US average at $1,430. Additionally, the Grocery Cost Index for Ransom Canyon is 99 versus 100 in the US. Local businesses include The Ransom Canyon Store which serves as a hardware store and cafe, Angel's Cafe which offers Mexican food and has been a part of the community since 2007, and Quick Stop which sells convenience items. All in all, Ransom Canyon is an affordable place to call home with plenty of options when it comes to shops and eateries.
Ransom Canyon has an unemployment rate of 5.8%. The US average is 6.0%.
Ransom Canyon has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Ransom Canyon
- The Sales Tax Rate for Ransom Canyon is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Ransom Canyon 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 Ransom Canyon
- The average income of a Ransom Canyon resident is $60,643 a year. The US average is $37,638 a year.
- The Median household income of a Ransom Canyon resident is $119,009 a year. The US average is $69,021 a year.