Friendswood, TX Economy


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Friendswood, TX is a city located in Galveston County, Texas. It's known for its small-town charm and welcoming atmosphere, making it a great place to live and visit. The cost of living is higher than the US average, with two bedroom rent averaging $1,680 compared to the US average of $1,430. Additionally, grocery cost index in Friendswood is 100 versus 100 in the US.
There are plenty of things for residents to do and places to explore in Friendswood. Popular local attractions include Mary Jo Peckham Park for outdoor activities and entertainment, The Friendly Spot Ice House for cold beer and good food, Hercules Garden Art & Patio offering unique outdoor art pieces and the Pearland Town Center for shopping or catching a movie at AMC theater. For business needs there’s the Southbelt-Ellington Chamber of Commerce which offers various events throughout the year and support to businesses.

Friendswood has an unemployment rate of 6.7%. The US average is 6.0%.

Friendswood 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 33.9%, which is higher than the US average of 33.5%.

Tax Rates for Friendswood
- The Sales Tax Rate for Friendswood is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Friendswood 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 Friendswood
- The average income of a Friendswood resident is $42,963 a year. The US average is $28,555 a year.
- The Median household income of a Friendswood resident is $114,516 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFriendswood, TexasUnited States
  6.76
  -5.6%-6.2%
  33.9%33.5%
  8.3%6.2%
  0.0%4.6%
  $50,793$37,638
  $114,516$69,021
  $137,650$85,028
  Population by Occupation
  0.4%1.2%
  2.3%0.5%
  7.4%6.8%
  12.5%10.0%
  2.2%2.5%
  9.0%11.0%
  3.3%4.8%
  0.8%0.8%
  1.0%1.9%
  3.8%4.7%
  2.9%1.9%
  9.5%7.6%
  0.2%0.1%
  2.3%4.2%
  12.1%9.3%
  14.3%14.0%
  1.7%2.1%
  5.9%7.0%
  3.9%4.8%
  4.3%4.7%
Reviews for Friendswood
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I grew up here and this is a very safe but maybe considered boring place by some. There are a lot of fun thing close by that you can do. Challenger 7 park, Galveston,  More

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We lived in Friendswood, Texas for over 5 years. Our g-son graduated from high school in 2020 there and we are very pleased with the teacher to student ratio, the  More

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Growing up in Friendswood over the last 40+ years, the changes are apparent every where. My home is where there used to be rice fields and we watched planes crop dust.   More

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