Hereford, TX Metro Area is a great place to live and work. The 2 bedroom rent in the area is $950 compared to the US average of $1,430 which makes it very affordable for those looking to move or relocate. Additionally, the Grocery Cost Index in Hereford, TX Metro Area is 91 versus 100 in the US which means that groceries are relatively cheaper here than other places in the country. There are several businesses located in Hereford including Cargill Meat Solutions, Dairy Farmers of America, Hale County State Bank, Farwell ISD, and Rolling Plains Memorial Hospital. These local companies provide jobs and economic stability to the community making it a great location to live and work.
Hereford Metro Area has an unemployment rate of 4.6%. The US average is 6.0%.
Hereford Metro Area has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 15.6%, which is lower than the US average of 33.5%.
Tax Rates for Hereford Metro Area
- The Sales Tax Rate for Hereford Metro Area is 8.2%. The US average is 7.3%.
- The Income Tax Rate for Hereford 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 Hereford Metro Area
- The average income of a Hereford Metro Area resident is $17,855 a year. The US average is $28,555 a year.
- The Median household income of a Hereford Metro Area resident is $49,611 a year. The US average is $69,021 a year.