78642 Liberty Hill, TX is a great place to live due to its low costs of living. The 2 bedroom rent in this area is $1,300, which is $130 cheaper than the US average of $1,430. Grocery costs are also lower here than most parts of the US with the Grocery Cost Index being 98 versus 100 in the US. Along with lower costs of living, 78642 Liberty Hill, TX has plenty of local businesses to enjoy such as Dad’s Bar-B-Que & Burgers, Roots Coffee House & BBQ, and Kelly's Place. All three provide delicious food at great prices. In summary, 78642 Liberty Hill, TX provides an affordable place to live with plenty of local businesses to explore and enjoy.
Liberty Hill (zip 78642) has an unemployment rate of 5.2%. The US average is 6.0%.
Liberty Hill (zip 78642) has seen the job market decrease by -3.3% over the last year. Future job growth over the next ten years is predicted to be 51.5%, which is higher than the US average of 33.5%.
Tax Rates for Liberty Hill (zip 78642)
- The Sales Tax Rate for Liberty Hill (zip 78642) is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Liberty Hill (zip 78642) 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 Liberty Hill (zip 78642)
- The average income of a Liberty Hill (zip 78642) resident is $42,737 a year. The US average is $37,638 a year.
- The Median household income of a Liberty Hill (zip 78642) resident is $109,939 a year. The US average is $69,021 a year.