Midland, TX Metro Area is a vibrant city with numerous opportunities for work and play. The area boasts a low cost of living with an average two bedroom rent of $1,320 per month compared to the US average of $1,430. Additionally the Grocery Cost Index in Midland is 97 versus 100 in the US.
The area has many local companies such as Pioneer Natural Resources, Chevron, and Midland Memorial Hospital offering high quality jobs. The unemployment rate in Midland is 3.8%, which is much lower than the nation’s current rate of 5.0%. Moreover, Midland also offers a range of leisure activities such as parks, museums, sports activities and much more making it a great place to live and work.
Midland Metro Area has an unemployment rate of 7.6%. The US average is 6.0%.
Midland Metro Area has seen the job market decrease by -13.5% over the last year. Future job growth over the next ten years is predicted to be 47.5%, which is higher than the US average of 33.5%.
Tax Rates for Midland Metro Area
- The Sales Tax Rate for Midland Metro Area is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Midland 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 Midland Metro Area
- The average income of a Midland Metro Area resident is $43,287 a year. The US average is $37,638 a year.
- The Median household income of a Midland Metro Area resident is $87,812 a year. The US average is $69,021 a year.