The city of Goldsmith, Texas (79741) is a small town situated in ector County, with a population of only 810 people. Despite its size, it still offers its residents plenty of amenities and opportunities. Major employers in Goldsmith include Odessa College, Ector County Independent School District, University Hospital, and El Paso Electric Company. The cost of living in Goldsmith is quite reasonable compared to other cities its size; for example, the average 2 bedroom rent is $1,270 which is slightly lower than the US average at $1,430. Furthermore, the grocery cost index in Goldsmith is 90 versus 100 in the US which makes it an attractive option for those looking for affordable housing options.
Goldsmith (zip 79741) has an unemployment rate of 11.0%. The US average is 6.0%.
Goldsmith (zip 79741) has seen the job market increase by 4.4% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Goldsmith (zip 79741)
- The Sales Tax Rate for Goldsmith (zip 79741) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Goldsmith (zip 79741) 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 Goldsmith (zip 79741)
- The average income of a Goldsmith (zip 79741) resident is $36,965 a year. The US average is $28,555 a year.
- The Median household income of a Goldsmith (zip 79741) resident is $76,250 a year. The US average is $69,021 a year.