Midway, TX is a small town located in the Brazos Valley region of Texas. It has a population of about 1,400 people and is known for its rural charm. One of the best features of Midway is its cost of living – 2 bedroom rent in the area is only $900 compared to the US average of $1,430. Even groceries are cheaper here with an index score of 95 versus 100 for the rest of the country. Some popular local companies include Midway Dairy Queen, Brazos County Door & Trim, and Agri-Tech Services Inc. In addition to these services there are plenty of amenities to enjoy when living in Midway such as fishing at Lake Limestone, camping at Lake Somerville State Park, and attending performances at the Historic Woldert Spence Manor House Theatre.
Midway has an unemployment rate of 8.0%. The US average is 6.0%.
Midway has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 3.9%, which is lower than the US average of 33.5%.
Tax Rates for Midway
- The Sales Tax Rate for Midway is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Midway 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 Midway
- The average income of a Midway resident is $22,501 a year. The US average is $37,638 a year.
- The Median household income of a Midway resident is $54,375 a year. The US average is $69,021 a year.