Rankin, TX (79778) is a small town of 725 people located in Upton County. As such, Rankin has an affordable cost of living that includes rent prices of just $830 for a two bedroom which compares favorably to the US average of $1,430. Grocery costs in Rankin are also on the lower end with an index score of 90 compared to the US average of 100. For those looking to make Rankin their home there are several local companies to consider including Fielder Electric Co-op, Rankin Elementary School and Rankin ISD.
Rankin (zip 79778) has an unemployment rate of 6.2%. The US average is 6.0%.
Rankin (zip 79778) has seen the job market increase by 7.9% over the last year. Future job growth over the next ten years is predicted to be 1.4%, which is lower than the US average of 33.5%.
Tax Rates for Rankin (zip 79778)
- The Sales Tax Rate for Rankin (zip 79778) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Rankin (zip 79778) 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 Rankin (zip 79778)
- The average income of a Rankin (zip 79778) resident is $30,583 a year. The US average is $37,638 a year.
- The Median household income of a Rankin (zip 79778) resident is $61,138 a year. The US average is $69,021 a year.