Amarillo is the 14th most populous city in Texas, with a population of 79,102. In Amarillo, the average rent for a two-bedroom apartment is $900, which is significantly lower than the national average of $1,430. The cost of groceries in Amarillo also tends to be lower than the US overall index of 100; it's Grocery Cost Index stands at 90.
Amarillo is home to several large companies that contribute to its economy. These include Pantex Plant, a nuclear weapons assembly plant owned by the US Department of Energy; Bell Helicopter Textron Inc., an aircraft manufacturing facility; Tyson Foods Inc., one of North America's leading producers and marketers of beef and pork; and Owens Corning Insulation Co., producer of insulation products. In addition to these major employers, there are also many small businesses in Amarillo that provide services such as restaurants, auto repair shops, clothing stores, salons, and more.
All together these businesses form a thriving economy that drives growth in Amarillo and makes it an attractive option for those looking for employment opportunities or wanting to start their own business. With its affordable cost of living and good employment prospects, Amarillo offers residents an attractive lifestyle choice.
Amarillo (zip 79102) has an unemployment rate of 4.9%. The US average is 6.0%.
Amarillo (zip 79102) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Amarillo (zip 79102)
- The Sales Tax Rate for Amarillo (zip 79102) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Amarillo (zip 79102) 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 Amarillo (zip 79102)
- The average income of a Amarillo (zip 79102) resident is $20,009 a year. The US average is $28,555 a year.
- The Median household income of a Amarillo (zip 79102) resident is $47,020 a year. The US average is $69,021 a year.