Ector, TX is an up-and-coming city located in the north of Texas. Rent prices for two-bedroom units are relatively low compared to the US average, making it a great choice for those looking for a more affordable lifestyle. Additionally, groceries cost less in Ector than in other parts of the country, with an index score of 95 versus 100 in the US. The local economy is bolstered by several major businesses such as Tosco Corporation and Saxon Energy Services. Other prominent employers include Smart Sand Inc., United Rig Equipment LLC and Timco Logistic Services, offering diverse job opportunities to locals. There are also numerous smaller businesses found throughout the city which have helped Ector’s economy to grow rapidly over the past few years.
Ector has an unemployment rate of 5.1%. The US average is 6.0%.
Ector has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Ector
- The Sales Tax Rate for Ector is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Ector 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 Ector
- The average income of a Ector resident is $18,153 a year. The US average is $28,555 a year.
- The Median household income of a Ector resident is $54,167 a year. The US average is $69,021 a year.