Channing, TX (79018) is a small town located in Texas with a population of about 1,000 people. The 2 bedroom rent in this location is $840 which is about 40% lower than the national average of $1,430. Grocery costs are also much more affordable at 89 versus 100 on the US index. This makes Channing a great option for those looking for an affordable place to live. With its close proximity to other larger towns such as Lubbock, Amarillo, and Texas Tech University, Channing offers a great mix of smaller town charm with access to bigger city amenities. Local companies in Channing include grocery stores such as Wal-Mart, banks such as Wells Fargo and restaurants like Sonic. All these services contribute to making Channing an attractive option for those seeking a low cost-of-living while still having access to desired goods and services.
Channing (zip 79018) has an unemployment rate of 2.7%. The US average is 6.0%.
Channing (zip 79018) has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Channing (zip 79018)
- The Sales Tax Rate for Channing (zip 79018) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Channing (zip 79018) 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 Channing (zip 79018)
- The average income of a Channing (zip 79018) resident is $31,681 a year. The US average is $37,638 a year.
- The Median household income of a Channing (zip 79018) resident is $47,917 a year. The US average is $69,021 a year.