78063 Lakehills, TX is a small community located in the western part of Bandera County. The median rent for two bedrooms in this area is $1,300 per month, which is slightly lower than the national average of $1,430. Additionally, grocery costs are less expensive in 78063 Lakehills with a Grocery Cost Index of 93 versus 100 in the US.
78063 Lakehills has a variety of local businesses that contribute to its economy. These include restaurants such as Lost Maples Cafe & Bakery and retail stores like Van Dorn Convenience Store. Several service providers like Chapman's Plumbing and Well Drilling also provide services to the locals. In addition to these companies, there are various other family-owned businesses that help keep the local economy running smoothly.
At the same time, 78063 Lakehills benefits from the strong national economy in terms of job opportunities and access to goods and services from other parts of the country at relatively low prices. For instance, Amazon Prime offers free shipping on many items for residents who live within driving distance from their warehouses across the nation. This gives people living in 78063 Lakehills more buying power as they can purchase items at prices much lower than what they would find locally.
Lakehills (zip 78063) has an unemployment rate of 5.8%. The US average is 6.0%.
Lakehills (zip 78063) has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 39.4%, which is higher than the US average of 33.5%.
Tax Rates for Lakehills (zip 78063)
- The Sales Tax Rate for Lakehills (zip 78063) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lakehills (zip 78063) 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 Lakehills (zip 78063)
- The average income of a Lakehills (zip 78063) resident is $27,231 a year. The US average is $28,555 a year.
- The Median household income of a Lakehills (zip 78063) resident is $70,009 a year. The US average is $69,021 a year.