Lorena, TX is a small city located in McLennan County with a population of just over 2,000 people. It offers beautiful scenery, access to local amenities like shopping and restaurants, and an overall low cost of living. The average rent for a two-bedroom apartment in Lorena is $1,150 which is significantly lower than the average rent of $1,430 for similar apartments across the United States. The grocery cost index for Lorena is 97 which means groceries are slightly cheaper than the national average.
Some popular local attractions include the popular Yellow House Canyon Park which offers a variety of outdoor activities such as hiking trails and bike paths. For shopping, there’s unique handmade items at Hill Country Mercantile & Gifts or classic staples at Walmart Supercenter. There are also many restaurants to choose from including the locally owned Fired Up Pizza or Nana Taco Food Truck which offer delicious Mexican food. Overall, Lorena makes an attractive place to live due to its low cost of living and access to all kinds of amenities.
Lorena (zip 76655) has an unemployment rate of 6.0%. The US average is 6.0%.
Lorena (zip 76655) has seen the job market decrease by -2.0% over the last year. Future job growth over the next ten years is predicted to be 37.3%, which is higher than the US average of 33.5%.
Tax Rates for Lorena (zip 76655)
- The Sales Tax Rate for Lorena (zip 76655) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lorena (zip 76655) 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 Lorena (zip 76655)
- The average income of a Lorena (zip 76655) resident is $39,367 a year. The US average is $37,638 a year.
- The Median household income of a Lorena (zip 76655) resident is $106,012 a year. The US average is $69,021 a year.