Big Spring, TX Metro Area is a great place to live for those looking for an affordable lifestyle. The 2 bedroom rent is significantly lower than the US average at $1,070 compared with $1,430US. This makes it an ideal option for families or those just starting out. The grocery cost index in Big Spring is also a good deal at 92 compared with 100 in the US. There are many local companies in Big Spring including Saenz Foods Inc., which provides food products such as meats and produce; H2R Solutions Inc., which provides IT support services; and LoneStar National Bank, which offers financial services. With such low costs of living and easy access to local businesses, Big Spring is an excellent option for individuals seeking an affordable yet high-quality lifestyle.
Big Spring Metro Area has an unemployment rate of 7.7%. The US average is 6.0%.
Big Spring Metro Area has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 26.6%, which is lower than the US average of 33.5%.
Tax Rates for Big Spring Metro Area
- The Sales Tax Rate for Big Spring Metro Area is 8.1%. The US average is 7.3%.
- The Income Tax Rate for Big Spring Metro Area 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 Big Spring Metro Area
- The average income of a Big Spring Metro Area resident is $21,663 a year. The US average is $28,555 a year.
- The Median household income of a Big Spring Metro Area resident is $60,260 a year. The US average is $69,021 a year.