Zip 79907 (El Paso, TX) Economy


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79907 El Paso, TX is a great place to live with its affordable rent prices. A two-bedroom apartment will cost around $930 compared to the US average of $1,430. Living costs are further reduced due to the lower grocery cost index of 90 versus 100 in the US. There are many local businesses in the area that offer quality services and products such as Karina's Bakery who provide delicious Mexican pastries and breads, J & R Auto Repair providing expert car repairs, and La India Cash & Carry offering a variety of groceries at low prices. In addition, there are also plenty of restaurants and entertainment venues in 79907 El Paso, TX for residents to enjoy.

El Paso (zip 79907) has an unemployment rate of 7.4%. The US average is 6.0%.

El Paso (zip 79907) has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.9%, which is higher than the US average of 33.5%.

Tax Rates for El Paso (zip 79907)
- The Sales Tax Rate for El Paso (zip 79907) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for El Paso (zip 79907) 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 El Paso (zip 79907)
- The average income of a El Paso (zip 79907) resident is $12,786 a year. The US average is $28,555 a year.
- The Median household income of a El Paso (zip 79907) resident is $36,438 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEl Paso, TexasUnited States
  7.46
  -4.2%-6.2%
  35.9%33.5%
  8.3%6.2%
  0.0%4.6%
  $17,183$37,638
  $36,438$69,021
  $42,563$85,028
  Population by Occupation
  0.1%1.2%
  0.3%0.5%
  9.6%6.8%
  6.3%10.0%
  2.4%2.5%
  12.3%11.0%
  9.4%4.8%
  0.3%0.8%
  2.0%1.9%
  2.5%4.7%
  1.4%1.9%
  3.6%7.6%
  0.1%0.1%
  9.7%4.2%
  9.7%9.3%
  13.7%14.0%
  1.5%2.1%
  7.1%7.0%
  5.2%4.8%
  3.0%4.7%
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