Amarillo, Texas is a great place to live with many job opportunities and an affordable cost of living. The 2 bedroom rent in Amarillo is $1,160, which is lower than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Amarillo is 98 versus 100 in the US, making groceries more affordable.
In Amarillo, there are many local businesses that employ residents. For example, Owens Corning provides insulation products for buildings while United Supermarkets offers groceries and other items through their stores and delivery services. Another prominent business in Amarillo is B&W Pantex, which manufactures nuclear weapons for the U.S. government. Other local companies include KAMR-TV Newschannel 4, a local television station; Golden Spread Cooperative Inc., an energy cooperative; Panhandle Regional Planning Commission; and Texas Tech University Health Sciences Center Amarillo campus which offers medical education programs.
Amarillo (zip 79124) has an unemployment rate of 4.9%. The US average is 6.0%.
Amarillo (zip 79124) 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 79124)
- The Sales Tax Rate for Amarillo (zip 79124) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Amarillo (zip 79124) 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 79124)
- The average income of a Amarillo (zip 79124) resident is $40,760 a year. The US average is $28,555 a year.
- The Median household income of a Amarillo (zip 79124) resident is $94,188 a year. The US average is $69,021 a year.