Miles, TX Economy


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United States / Texas / No Metro Area / Runnels County / Miles / Zip Codes
Miles, TX is a small city located in Texas with a population just under 2,000 people. The city offers great amenities such as low rent for two bedroom apartments, being nearly $500 less than the national average at only $950. Grocery costs are also cheaper in Miles compared to the US average with an index of 92 versus 100. The city has various local businesses such as Miles General Store, Epperson's Feed Store, and MC Motorsports that provide goods and services in the area. In addition to this there are plenty of attractions to explore nearby such as Copper Breaks State Park and Buffalo Gap Historic Village. All of these factors make Miles an affordable place to live with lots of entertainment to enjoy making it a desirable place for residents and visitors alike.

Miles has an unemployment rate of 5.0%. The US average is 6.0%.

Miles has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.

Tax Rates for Miles
- The Sales Tax Rate for Miles is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Miles 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 Miles
- The average income of a Miles resident is $19,325 a year. The US average is $28,555 a year.
- The Median household income of a Miles resident is $62,031 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMiles, TexasUnited States
  56
  -3.7%-6.2%
  23.8%33.5%
  6.8%6.2%
  0.0%4.6%
  $27,648$37,638
  $62,031$69,021
  $66,731$85,028
  Population by Occupation
  6.1%1.2%
  3.9%0.5%
  5.9%6.8%
  5.3%10.0%
  3.5%2.5%
  19.5%11.0%
  6.3%4.8%
  2.7%0.8%
  0.0%1.9%
  1.4%4.7%
  0.0%1.9%
  3.7%7.6%
  0.0%0.1%
  4.1%4.2%
  12.1%9.3%
  14.8%14.0%
  0.0%2.1%
  5.1%7.0%
  2.5%4.8%
  3.1%4.7%
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