Hale Center, TX Economy


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Hale Center, TX is a small city located in the Texas panhandle with a population of approximately 2,000. It has all the amenities any family would need, from rich culture to great job opportunities. The cost of living is quite affordable compared to other parts of the country. For example, the average two-bedroom rent in Hale Center is much lower than the US average at $750 versus $1,430 respectively. Similarly, the grocery cost index in Hale Center is 87 whereas it’s 100 in the US. This makes food expenses more affordable for residents. Local businesses in Hale Center include several restaurants such as IHOP and Pizza Hut, two banks (Amarillo National Bank and Wells Fargo), various retail stores like Walmart Supercenter and Walgreens Pharmacy; and auto service centers such as Tire Barn Warehouse and Jiffy Lube. All these businesses offer competitive prices that enable families to save money while providing quality goods and services. In conclusion, Hale Center is an affordable city with plenty of job opportunities and resources that make it an ideal place to live for people who are looking for a comfortable home at a reasonable cost.

Hale Center has an unemployment rate of 7.4%. The US average is 6.0%.

Hale Center has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 21.9%, which is lower than the US average of 33.5%.

Tax Rates for Hale Center
- The Sales Tax Rate for Hale Center is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hale Center 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 Hale Center
- The average income of a Hale Center resident is $21,986 a year. The US average is $37,638 a year.
- The Median household income of a Hale Center resident is $40,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHale Center, TexasUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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