Lipan, Texas is a tranquil small town located in Hood County with a population of 764. The average rent for a 2 bedroom apartment in the area is $1,160 which is slightly lower than the US average of $1,430. Additionally, the grocery cost index in Lipan is 98 versus 100 in the US. There are many local companies and attractions to visit in Lipan such as Lone Star Bank, Ponderosa Feed Store and Graham Garage & Body Shop. For outdoor fun there’s the Brazos River that offers plenty of recreational activities or you can take in some culture with a visit to Possum Kingdom Lake Art Gallery.
Lipan (zip 76462) has an unemployment rate of 6.6%. The US average is 6.0%.
Lipan (zip 76462) has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Lipan (zip 76462)
- The Sales Tax Rate for Lipan (zip 76462) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lipan (zip 76462) 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 Lipan (zip 76462)
- The average income of a Lipan (zip 76462) resident is $35,148 a year. The US average is $37,638 a year.
- The Median household income of a Lipan (zip 76462) resident is $89,063 a year. The US average is $69,021 a year.