Smyer, Texas (79367) is a small town located in Hockley County about 36 miles northwest of Lubbock. It has a population of approximately 583 people and is a great place to call home. The average 2 bedroom rent is $810 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index for Smyer is 90 compared to the US national average of 100.
This makes groceries more affordable in Smyer than other places in the country. There are several local businesses in this area that make up its economy such as Wheat Growers Co-op Inc., Cotton Center Equipment Co., Ronco Farm & Ranch Supply, and Hefner’s Machine Shop & Hardware. These companies help create jobs and provide services for the citizens of Smyer.
Smyer (zip 79367) has an unemployment rate of 7.7%. The US average is 6.0%.
Smyer (zip 79367) has seen the job market decrease by -10.2% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Smyer (zip 79367)
- The Sales Tax Rate for Smyer (zip 79367) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Smyer (zip 79367) 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 Smyer (zip 79367)
- The average income of a Smyer (zip 79367) resident is $21,951 a year. The US average is $37,638 a year.
- The Median household income of a Smyer (zip 79367) resident is $41,806 a year. The US average is $69,021 a year.