Westminster, TX Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Westminster, TX is a small city located in the Dallas-Fort Worth area. The cost of living there is slightly higher than the national average, however it is still relatively affordable compared to some larger cities in Texas. The average two bedroom rent in Westminster is $2,250 while the US average is $1,430. Furthermore, the grocery cost index in Westminster is 99 versus 100 for the US.
The city has many local businesses including Westminster Market & Meats, Main Street Circle Pizza, and Just Like Mom's Cafe & Diner. These businesses give residents easy access to quality food while staying close to home. There are also several retail stores like Walmart and Target which provide locals with an array of shopping options at competitive prices.
Overall Westminster provides its residents with a comfortable environment as well as reasonably priced goods and services. It is an ideal place for those looking for affordability without sacrificing convenience and comfort.

Westminster has an unemployment rate of 5.6%. The US average is 6.0%.

Westminster has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 48.6%, which is higher than the US average of 33.5%.

Tax Rates for Westminster
- The Sales Tax Rate for Westminster is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Westminster 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 Westminster
- The average income of a Westminster resident is $19,318 a year. The US average is $28,555 a year.
- The Median household income of a Westminster resident is $24,032 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWestminster, TexasUnited States
  5.66
  -3.5%-6.2%
  48.6%33.5%
  8.3%6.2%
  0.0%4.6%
  $21,322$37,638
  $24,032$69,021
Family Median Income 85028
Reviews for Westminster
    See all ()

Over 16 years ago

This is a very small community in collin county, pop. acarries bout 300, and slowly growing. The downtown has 4 businesses, Big Slicks a Texas style resturant, a  More

   |    Reply

Start Your Review of Westminster

Health
Compare Westminster, TX
cost of living
Compare food, housing, utilities, and more in Westminster, Texas to any other city in the US.