Lorenzo, TX is a small town located in the heart of Crosby County. With a population of only 1,122 people as of 2019, the town is quite small but charming nonetheless. There are many local businesses in Lorenzo like The Entertainer Barber Shop and Cafe on Main Street that offer excellent services to visitors and residents alike. The two bedroom rent in Lorenzo costs $850, which is significantly cheaper than the US average of $1,430. Additionally, the Grocery Cost Index in Lorenzo is 89 versus 100 in the US. This means that groceries are relatively more affordable here compared to other parts of the country. Aside from shopping and dining options, there are several cultural attractions worth visiting in Lorenzo such as Little Red Barn Petting Zoo and Nature Trail Center which offers great activities for kids and adults alike. The town also hosts annual events like its 4th of July Celebrations that draw lots of enthusiastic attendees each year.
Lorenzo (zip 79343) has an unemployment rate of 6.4%. The US average is 6.0%.
Lorenzo (zip 79343) has seen the job market increase by 1.5% 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 (zip 79343)
- The Sales Tax Rate for Lorenzo (zip 79343) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lorenzo (zip 79343) 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 (zip 79343)
- The average income of a Lorenzo (zip 79343) resident is $20,069 a year. The US average is $28,555 a year.
- The Median household income of a Lorenzo (zip 79343) resident is $54,219 a year. The US average is $69,021 a year.