Amarillo, TX is a city located in the Panhandle region of Texas. It has a population of about 200,000 people and is known for its affordable housing market. The average two bedroom rent in Amarillo is $1,040 which is significantly lower than the US average of $1,430. Additionally, grocery costs are also lower in Amarillo as the cost index stands at 91 versus 100 in the US. Many local companies such as Bell Helicopter Textron Inc., Owens Corning and Tyson Foods Inc have their headquarters in Amarillo due to its low living costs. Moreover, there are many other job opportunities available here for those looking for jobs due to the city's thriving economy.
Amarillo (zip 79108) has an unemployment rate of 4.9%. The US average is 6.0%.
Amarillo (zip 79108) 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 79108)
- The Sales Tax Rate for Amarillo (zip 79108) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Amarillo (zip 79108) 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 79108)
- The average income of a Amarillo (zip 79108) resident is $19,953 a year. The US average is $28,555 a year.
- The Median household income of a Amarillo (zip 79108) resident is $55,827 a year. The US average is $69,021 a year.