Zip 79924 (El Paso, TX) Economy


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79924 El Paso, TX is an excellent location for those looking for a more affordable place to live. With 2 bedroom rent costing $980 per month compared to the national average of $1,430, it is much more budget friendly. Grocery costs are also lower in this area with a grocery cost index of 90 compared to the US average of 100. The local economy offers many job opportunities from major companies such as Southwest University Park, KVIA-TV, and GECU Credit Union. There are also plenty of amenities such as shopping malls, entertainment venues, and restaurants all within easy reach. With its affordability and convenient access to great services and businesses, 79924 El Paso is an ideal place to call home.

El Paso (zip 79924) has an unemployment rate of 7.4%. The US average is 6.0%.

El Paso (zip 79924) 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 79924)
- The Sales Tax Rate for El Paso (zip 79924) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for El Paso (zip 79924) 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 79924)
- The average income of a El Paso (zip 79924) resident is $17,534 a year. The US average is $28,555 a year.
- The Median household income of a El Paso (zip 79924) resident is $47,778 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%
  $21,878$37,638
  $47,778$69,021
  $53,722$85,028
  Population by Occupation
  0.1%1.2%
  0.4%0.5%
  7.7%6.8%
  6.2%10.0%
  0.9%2.5%
  11.7%11.0%
  6.7%4.8%
  0.6%0.8%
  1.9%1.9%
  2.5%4.7%
  1.0%1.9%
  2.1%7.6%
  0.0%0.1%
  7.0%4.2%
  12.8%9.3%
  18.0%14.0%
  1.7%2.1%
  8.2%7.0%
  4.1%4.8%
  6.2%4.7%
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