Amarillo, TX is a great place to live for those looking for a reasonable cost of living. The two bedroom rent in Amarillo is $1,020 which is significantly lower than the U.S average of $1,430. The Grocery Cost Index in the area is 90 versus 100 in the US making food costs more affordable. There are many well established local companies in Amarillo such as Pantex Plant, Bell Helicopter Textron Inc., North West Texas Health Care Systems, and High Plains Cattle Feeders that provide employment opportunities for citizens. Overall, Amarillo offers an affordable cost of living compared to other areas which makes it desirable for individuals and families seeking to save money without sacrificing quality of life.
Amarillo (zip 79103) has an unemployment rate of 4.9%. The US average is 6.0%.
Amarillo (zip 79103) has seen the job market decrease by -3.2% 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 79103)
- The Sales Tax Rate for Amarillo (zip 79103) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Amarillo (zip 79103) 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 79103)
- The average income of a Amarillo (zip 79103) resident is $20,210 a year. The US average is $37,638 a year.
- The Median household income of a Amarillo (zip 79103) resident is $49,381 a year. The US average is $69,021 a year.