Balmorhea, TX, with a zipcode of 79718 is located in Reeves County. The population of Balmorhea is approximately 514 people. The 2 Bedroom Rent in Balmorhea is much lower than the US average at only $920. Balmorhea also has a lower Grocery Cost Index than the national average at 88 versus 100. There are several local companies such as C&S Tire Shop, Barstow Service Company and R & P Ranch that contribute to the economy of this small town. With its low cost of living and friendly atmosphere, Balmorhea is a great place to call home.
Balmorhea (zip 79718) has an unemployment rate of 7.8%. The US average is 6.0%.
Balmorhea (zip 79718) has seen the job market decrease by -25.0% over the last year. Future job growth over the next ten years is predicted to be 114.3%, which is higher than the US average of 33.5%.
Tax Rates for Balmorhea (zip 79718)
- The Sales Tax Rate for Balmorhea (zip 79718) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Balmorhea (zip 79718) 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 Balmorhea (zip 79718)
- The average income of a Balmorhea (zip 79718) resident is $27,486 a year. The US average is $37,638 a year.
- The Median household income of a Balmorhea (zip 79718) resident is $43,462 a year. The US average is $69,021 a year.