Medina, TX is a small but growing town located in Bandera County, Texas. It has a population of about 2,500 and is known for its friendly atmosphere. Although it is small, it features many businesses that contribute to its economy. Some of the local companies include Suarez Brothers Hardware, Medina Small Engine Repair & Parts, Bandera Bank, Medina Veterinary Clinic, and Corral Creek Meats. Rent prices in Medina are much more affordable than in the US as a whole – two-bedroom rentals average around $870 versus $1,430 nationally – while grocery costs remain comparable. This makes Medina an attractive option for residents looking for good value for their money.
Medina has an unemployment rate of 14.0%. The US average is 6.0%.
Medina has seen the job market increase by 5.9% over the last year. Future job growth over the next ten years is predicted to be 8.9%, which is lower than the US average of 33.5%.
Tax Rates for Medina
- The Sales Tax Rate for Medina is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Medina 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 Medina
- The average income of a Medina resident is $8,218 a year. The US average is $28,555 a year.
- The Median household income of a Medina resident is $27,818 a year. The US average is $69,021 a year.