Timpson, Texas is a small suburban town located in Shelby County. With a population of just over 2,000 people, it offers plenty of peace and quiet for those looking to escape the hustle and bustle of city life. The cost of renting a 2 bedroom apartment in Timpson is significantly lower than the US average at $720 compared to $1,430. Additionally, grocery costs are even more economical with an index of 90 versus 100 nationally.
While Timpson may be small, it has plenty to offer in terms of businesses and attractions. Popular local companies include Kemp's IGA Grocery Store, Kennedy Auto Repair & Body Shop, and Henry’s Pharmacy. For outdoor activities, Dinosaur Valley State Park is just a few miles away offering camping sites alongside beautiful nature trails. The Sam Rayburn Reservoir is also nearby for those looking to swim or fish during the summer months. All in all Timpson is a great place to live if you want an affordable cost of living combined with plenty of outdoor activities right at your fingertips.
Timpson (zip 75975) has an unemployment rate of 6.9%. The US average is 6.0%.
Timpson (zip 75975) has seen the job market decrease by -1.9% over the last year. Future job growth over the next ten years is predicted to be 14.1%, which is lower than the US average of 33.5%.
Tax Rates for Timpson (zip 75975)
- The Sales Tax Rate for Timpson (zip 75975) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Timpson (zip 75975) 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 Timpson (zip 75975)
- The average income of a Timpson (zip 75975) resident is $24,151 a year. The US average is $37,638 a year.
- The Median household income of a Timpson (zip 75975) resident is $52,547 a year. The US average is $69,021 a year.