South Padre Island, TX is an attractive vacation destination located on a barrier island along the coast of Texas. It boasts warm beaches, world-class fishing, and a variety of attractions and activities that draw tourists from all over the country. The cost of living in South Padre Island is quite affordable compared to other popular vacation spots. The average two bedroom rental in South Padre Island is $1,310 which is approximately $120 less than the national average. Additionally, the Grocery Cost Index in South Padre Island is 99 versus 100 in the US. There are many great local businesses on the island such as Gulf Coast Kayaks for outdoor adventures, Sea Ranch Marina for boat rentals and tours, Beachside Bar & Grill restaurant for a delicious meal with an amazing view, and Isla Tours for unique eco-tours around the island.
South Padre Island has an unemployment rate of 10.0%. The US average is 6.0%.
South Padre Island has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for South Padre Island
- The Sales Tax Rate for South Padre Island is 8.3%. The US average is 7.3%.
- The Income Tax Rate for South Padre Island 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 South Padre Island
- The average income of a South Padre Island resident is $37,415 a year. The US average is $28,555 a year.
- The Median household income of a South Padre Island resident is $60,688 a year. The US average is $69,021 a year.