Zip 78597 (South Padre Island, TX) Economy


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South Padre Island is a great place to live in 78597. The 2 Bedroom Rent in this area is $1,270 compared to the US average of $1,430. Grocery cost index is also lower at 99 versus 100 in the US. This makes South Padre Island a very affordable place to live. Besides being an affordable place to reside, South Padre Island has plenty of activities for all ages and lifestyles. There are many local companies offering various services such as restaurants, hotels and shops. There are plenty of outdoor activities like swimming in the Gulf of Mexico or bird watching on the marshes. Food is abundant with seafood restaurants offering delicious dishes from local catches. People also enjoy spending time on the golf course or checking out art galleries and unique boutiques around town. South Padre Island is a perfect place for people who want to enjoy life’s simple pleasures while still having access to convenient modern amenities.

South Padre Island (zip 78597) has an unemployment rate of 10.0%. The US average is 6.0%.

South Padre Island (zip 78597) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.

Tax Rates for South Padre Island (zip 78597)
- The Sales Tax Rate for South Padre Island (zip 78597) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for South Padre Island (zip 78597) 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 South Padre Island (zip 78597)
- The average income of a South Padre Island (zip 78597) resident is $37,275 a year. The US average is $28,555 a year.
- The Median household income of a South Padre Island (zip 78597) resident is $60,688 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySouth Padre Island, TexasUnited States
  106
  -3.6%-6.2%
  27.7%33.5%
  8.3%6.2%
  0.0%4.6%
  $52,275$37,638
  $60,688$69,021
  $77,971$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  2.5%6.8%
  2.2%10.0%
  0.0%2.5%
  7.3%11.0%
  2.9%4.8%
  1.7%0.8%
  0.9%1.9%
  1.6%4.7%
  10.7%1.9%
  12.8%7.6%
  0.0%0.1%
  6.2%4.2%
  10.9%9.3%
  9.1%14.0%
  2.8%2.1%
  19.3%7.0%
  4.1%4.8%
  5.0%4.7%
Health