Zip 75040 (Garland, TX) Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Garland, TX is a vibrant city located in Dallas Country and is well known for its affordable housing market. The average 2 bedroom rent in Garland, TX is $1,440 which is slightly higher than the US average of $1,430. Additionally, the Grocery Cost Index in Garland is only 98 versus 100 in the US making food more affordable for locals.
Residents of Garland have access to a variety of local stores, such as Walmart Supercenter and Albertsons. There are also several local restaurants including Soulman's Bar-B-Que and Spaghetti Warehouse. Furthermore, there are plenty of activities to partake in at Firewheel Town Center or at any of the nearby parks such as Audubon Park or O’Banion Park Nature Preserve.

Garland (zip 75040) has an unemployment rate of 6.5%. The US average is 6.0%.

Garland (zip 75040) has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.

Tax Rates for Garland (zip 75040)
- The Sales Tax Rate for Garland (zip 75040) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Garland (zip 75040) 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 Garland (zip 75040)
- The average income of a Garland (zip 75040) resident is $20,615 a year. The US average is $28,555 a year.
- The Median household income of a Garland (zip 75040) resident is $65,141 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGarland, TexasUnited States
  6.56
  -3.6%-6.2%
  40.5%33.5%
  8.3%6.2%
  0.0%4.6%
  $25,577$37,638
  $65,141$69,021
  $67,152$85,028
  Population by Occupation
  0.0%1.2%
  0.5%0.5%
  13.5%6.8%
  10.5%10.0%
  2.1%2.5%
  11.4%11.0%
  4.4%4.8%
  0.4%0.8%
  1.8%1.9%
  5.6%4.7%
  1.7%1.9%
  5.6%7.6%
  0.2%0.1%
  6.3%4.2%
  5.6%9.3%
  10.5%14.0%
  1.9%2.1%
  7.3%7.0%
  9.0%4.8%
  1.9%4.7%
Health