Crane County, TX Economy


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United States / Texas / No Metro Area / Crane County / Cities / Zip Codes
Crane, TX County is located in West Texas and is known for its wide-open spaces and small-town charm. It has a population of approximately 5,000 people. Rent for a two bedroom apartment in Crane is $920, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Crane is 91 compared to 100 in the US, making it an affordable place to live. Notable companies located in Crane include Crane Drilling & Exploration Co., Hub City Engineering Inc., and H&L Mechanical Solutions LLC. The area also has a thriving oil and gas industry as well as plenty of outdoor activities such as hiking, camping, and hunting.

Crane County has an unemployment rate of 13.4%. The US average is 6.0%.

Crane County has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 2.5%, which is lower than the US average of 33.5%.

Tax Rates for Crane County
- The Sales Tax Rate for Crane County is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Crane County 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 Crane County
- The average income of a Crane County resident is $24,344 a year. The US average is $28,555 a year.
- The Median household income of a Crane County resident is $67,804 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCrane, TexasUnited States
  13.46
  -6.7%-6.2%
  2.5%33.5%
  8.3%6.2%
  0.0%4.6%
  $27,084$37,638
  $67,804$69,021
  $78,281$85,028
  Population by Occupation
  0.0%1.2%
  25.4%0.5%
  11.4%6.8%
  2.3%10.0%
  2.8%2.5%
  5.0%11.0%
  5.2%4.8%
  1.2%0.8%
  0.3%1.9%
  3.1%4.7%
  2.0%1.9%
  2.6%7.6%
  0.0%0.1%
  0.9%4.2%
  13.9%9.3%
  9.5%14.0%
  0.0%2.1%
  7.6%7.0%
  4.4%4.8%
  2.5%4.7%
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