Galveston, TX is a vibrant city situated along the coast of the Gulf of Mexico. It is home to great attractions, such as Moody Gardens, Schlitterbahn Waterpark, and Galveston Island State Park. There are also plenty of local businesses to explore, such as The Grand 1894 Opera House, The Strand Historic District Merchants Association, and the Galveston Railroad Museum. Additionally, rental costs in Galveston are very reasonable with 2 bedroom apartments averaging $1,260 compared to the US average of $1,430. Similarly, the cost of groceries is lower than the national average at 98 versus 100 in the US. All these factors make Galveston an attractive place to live and work for many individuals.
Galveston has an unemployment rate of 8.4%. The US average is 6.0%.
Galveston has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Galveston
- The Sales Tax Rate for Galveston is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Galveston 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 Galveston
- The average income of a Galveston resident is $33,645 a year. The US average is $37,638 a year.
- The Median household income of a Galveston resident is $52,899 a year. The US average is $69,021 a year.