McAllen, Texas is a vibrant city situated in the Rio Grande Valley. It is known for its local attractions, outdoor activities, affordable housing, and diverse culture. The average rent for a two-bedroom home in McAllen is $960 per month, which is significantly lower than the national average of $1,430. In addition to low rent costs, McAllen also boasts an attractive grocery cost index of 92 in comparison to the US index of 100.
McAllen is home to many well-known companies such as Valley Baptist Medical Center and La Plaza Mall. Valley Baptist Medical Center provides world-class care and state-of-the-art technology while La Plaza Mall houses a variety of stores, restaurants, and entertainment options for visitors and locals alike. With plenty of outdoor activities to explore such as hiking trails and birdwatching sites at Santa Ana National Wildlife Refuge or spending time on the beaches along South Padre Island, there’s something for everyone in McAllen.
McAllen has an unemployment rate of 7.9%. The US average is 6.0%.
McAllen has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for McAllen
- The Sales Tax Rate for McAllen is 8.3%. The US average is 7.3%.
- The Income Tax Rate for McAllen 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 McAllen
- The average income of a McAllen resident is $21,410 a year. The US average is $28,555 a year.
- The Median household income of a McAllen resident is $52,422 a year. The US average is $69,021 a year.