The city of Corpus Christi, Texas (78416) is home to vibrant culture, unique attractions and an amazing local economy. The average 2 bedroom rent in this area is $1,100 which is significantly lower than the national average of $1,430. This makes it a great option for people on a budget looking to find affordable housing in a thriving city. In addition to lower rent prices, the Grocery Cost Index in this area is 89 versus 100 in the US, providing even further savings on groceries for residents. Local companies such as Whataburger and Valero provide plenty of job opportunities and stability within the region's economy. Corpus Christi also has many beachfront restaurants, locally owned shops and popular attractions like the USS Lexington Museum that make it an ideal place to live or visit.
Corpus Christi (zip 78416) has an unemployment rate of 8.5%. The US average is 6.0%.
Corpus Christi (zip 78416) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Corpus Christi (zip 78416)
- The Sales Tax Rate for Corpus Christi (zip 78416) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Corpus Christi (zip 78416) 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 Corpus Christi (zip 78416)
- The average income of a Corpus Christi (zip 78416) resident is $18,878 a year. The US average is $37,638 a year.
- The Median household income of a Corpus Christi (zip 78416) resident is $40,981 a year. The US average is $69,021 a year.