Benjamin, Texas is a small town in the northwestern part of the state with a population of just over 1,000. In 79505 Benjamin, TX, the rent for a two-bedroom apartment is $760 per month, which is significantly less expensive than the US average of $1,430. Additionally, the Grocery Cost Index in Benjamin is 88, compared to 100 in the United States. This lower cost of living makes Benjamin an attractive option for budget conscious individuals and families. The local economy consists largely of small businesses in service industries such as auto repair shops and restaurants. Nearby attractions include Possum Kingdom Lake State Park and a number of outdoor recreational activities such as fishing, hunting and camping.
Benjamin (zip 79505) has an unemployment rate of 6.0%. The US average is 6.0%.
Benjamin (zip 79505) has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 3.6%, which is lower than the US average of 33.5%.
Tax Rates for Benjamin (zip 79505)
- The Sales Tax Rate for Benjamin (zip 79505) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Benjamin (zip 79505) 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 Benjamin (zip 79505)
- The average income of a Benjamin (zip 79505) resident is $18,925 a year. The US average is $37,638 a year.
- The Median household income of a Benjamin (zip 79505) resident is $36,625 a year. The US average is $69,021 a year.