Economy in Houston, TX

Houston, TX is an exciting and vibrant city known for its Tex-Mex cuisine, friendly people, and numerous attractions. It's also home to some of the nation's most successful companies, such as Chevron, Halliburton, and Sysco. The cost of living in Houston is notably lower than the national average; 2 bedroom rent averages $1,350 making it more affordable than other major cities in the US with rent averaging at $1,430. Additionally, grocery costs are only 98 compared to the US index of 100. There are many fun activities to enjoy while in Houston including visiting Space Center Houston or strolling through Discovery Green park. With so much to explore and experience there’s no doubt you will have a wonderful time in this bustling city!

Houston has an unemployment rate of 8.0%. The US average is 6.0%.

Houston has seen the job market increase by 3.2% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.

Tax Rates for Houston
- The Sales Tax Rate for Houston is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Houston 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 Houston
- The average income of a Houston resident is $27,938 a year. The US average is $28,555 a year.
- The Median household income of a Houston resident is $56,019 a year. The US average is $69,021 a year.