79325 Farwell, TX is a great place to live for those looking for an affordable lifestyle. The 2 bedroom rent in the area is around $870, which is much lower than the US average of $1,430. This low cost of living translates to other expenses as well. The Grocery Cost Index in 79325 Farwell is 91 compared to the national average of 100, meaning that even groceries are considerably cheaper.
The city offers many amenities and attractions that make it an ideal destination for visitors and residents alike. It is home to some of the best restaurants in Texas including Pop's Place, a local favorite, as well as numerous shops, gas stations and banks such as Chase Bank. For recreation, there are several parks and outdoor activities available such as fishing at North Plains Lake or camping at Big Blue State Park. With its low cost of living and ample recreational opportunities, 79325 Farwell is an excellent place to live.
Farwell (zip 79325) has an unemployment rate of 3.3%. The US average is 6.0%.
Farwell (zip 79325) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Farwell (zip 79325)
- The Sales Tax Rate for Farwell (zip 79325) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Farwell (zip 79325) 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 Farwell (zip 79325)
- The average income of a Farwell (zip 79325) resident is $19,762 a year. The US average is $37,638 a year.
- The Median household income of a Farwell (zip 79325) resident is $52,130 a year. The US average is $69,021 a year.