Big Spring, Texas is a small town located in the heart of western Texas. It is known for its outstanding local businesses such as Big Spring IGA, Big Spring Pawn & Gun, and Sprouts Farmers Market. The cost of living in this small town is lower than the US average, with 2 bedroom rent costing only $1,080 compared to the national average of $1,430. Additionally, the grocery cost index in Big Spring is at 90 compared to 100 in the US overall, making it about 10% cheaper than other areas. All things considered, Big Spring offers an affordable lifestyle with plenty of business opportunities and a close-knit community atmosphere.
Big Spring has an unemployment rate of 8.3%. The US average is 6.0%.
Big Spring has seen the job market increase by 2.3% 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 Big Spring
- The Sales Tax Rate for Big Spring is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Big Spring 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 Big Spring
- The average income of a Big Spring resident is $18,431 a year. The US average is $28,555 a year.
- The Median household income of a Big Spring resident is $58,966 a year. The US average is $69,021 a year.