Midland, TX is a city located in Texas. It has a relatively low cost of living compared to the national average, with an average two bedroom rent costing $1,340 and a Grocery Cost Index of 97 versus 100 in the US. Companies based out of Midland, TX include Energy Transfer LP, Diamondback Energy Inc., Apache Corporation and Concho Resources. Those companies specialize in oil and gas production and transportation services. In addition to these energy sector businesses, Midland also has several aerospace firms such as Permian Basin UAS Test Site for unmanned aerial systems development as well as defense contractors like Stratos Aviation Services LLC that are engaged in military aircraft maintenance and engineering services.
Midland has an unemployment rate of 7.4%. The US average is 6.0%.
Midland has seen the job market increase by 8.7% over the last year. Future job growth over the next ten years is predicted to be 48.3%, which is higher than the US average of 33.5%.
Tax Rates for Midland
- The Sales Tax Rate for Midland is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Midland 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 Midland
- The average income of a Midland resident is $34,949 a year. The US average is $28,555 a year.
- The Median household income of a Midland resident is $87,900 a year. The US average is $69,021 a year.