79056 Lipscomb, TX is a small town located in the Texas Panhandle. This area provides a great opportunity for those looking for a more rural setting while still being close to many amenities and businesses. The average two bedroom rent in this area is $860 which is much lower than the US average of $1,430. Grocery cost index here is also lower than the US average at 91 versus 100.
Lipscomb, TX has a variety of local businesses catering to the needs of its residents. These include Brownfield Animal Clinic providing veterinary care, Shear Elegance Salon offering hair styling services, and Oldham Mercantile for groceries and other essential items. Additionally, there are several restaurants such as Granny’s Cafe & Grill and Outlaw BBQ that provide delicious meals to the locals.
Lipscomb (zip 79056) has an unemployment rate of 4.8%. The US average is 6.0%.
Lipscomb (zip 79056) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 20.2%, which is lower than the US average of 33.5%.
Tax Rates for Lipscomb (zip 79056)
- The Sales Tax Rate for Lipscomb (zip 79056) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Lipscomb (zip 79056) 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 Lipscomb (zip 79056)
- The average income of a Lipscomb (zip 79056) resident is $40,413 a year. The US average is $28,555 a year.
- The Median household income of a Lipscomb (zip 79056) resident is $67,875 a year. The US average is $69,021 a year.