Alma, TX is a small town with big potential. Rent for two bedrooms in the city is considerably lower than the US average – $1,240 versus $1,430. Additionally, the grocery cost index in Alma stands at 96 versus 100 in the US. This makes Alma an attractive place to live and work for those looking for an affordable lifestyle. The town is home to several companies such as Central States Manufacturing, Inc., which produces quality metal roofing and siding products; Mid-Tex Oilfield Services, providing reliable oilfield services; and Big Chief Equipment Co., offering custom farming equipment solutions. With its low cost of living and local businesses, Alma provides plenty of opportunities to build a comfortable life for families and individuals alike.
Alma has an unemployment rate of 5.8%. The US average is 6.0%.
Alma 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 48.7%, which is higher than the US average of 33.5%.
Tax Rates for Alma
- The Sales Tax Rate for Alma is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Alma 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 Alma
- The average income of a Alma resident is $23,325 a year. The US average is $28,555 a year.
- The Median household income of a Alma resident is $62,396 a year. The US average is $69,021 a year.