The town of Dripping Springs, TX (78620) is a charming suburb located in the Austin metropolitan area. With an average two-bedroom rent of $1,560, it is slightly higher than the US average of $1,430. The cost of groceries in Dripping Springs is comparable to the national average, at 99 compared to 100 for the United States.
This small Texas town provides plenty of amenities for its residents. Shopping and dining options are plentiful, with local favorites like Jack Allen’s Kitchen, Stanley’s Farmhouse Pizza and Backspin Records available within the neighborhood. Other popular businesses in the area include Hill Country Distillers, Tiny Pies Austin and Wolf Florist & Gifts. For those looking for outdoor activities, nearby Reimer's Ranch Park offers trails for hiking or mountain biking.
Dripping Springs (zip 78620) has an unemployment rate of 5.3%. The US average is 6.0%.
Dripping Springs (zip 78620) has seen the job market increase by 3.5% over the last year. Future job growth over the next ten years is predicted to be 53.4%, which is higher than the US average of 33.5%.
Tax Rates for Dripping Springs (zip 78620)
- The Sales Tax Rate for Dripping Springs (zip 78620) is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Dripping Springs (zip 78620) 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 Dripping Springs (zip 78620)
- The average income of a Dripping Springs (zip 78620) resident is $41,887 a year. The US average is $28,555 a year.
- The Median household income of a Dripping Springs (zip 78620) resident is $118,145 a year. The US average is $69,021 a year.