77031 Houston, TX is a great place to live for those looking for urban living within a smaller city. It has all of the amenities that one would expect from a large city with a lower cost of living than many other cities in the U.S. The average two bedroom rent here runs at $1,080 per month which is significantly less than the US average of $1430. Additionally, groceries are fairly inexpensive as the grocery cost index here is 97 compared to 100 in the US.
Local companies include Veritas Technologies LLC and FMC Technologies Inc., while local restaurants like El Tiempo Cantina, Kata Robata Sushi & Grill and Funky Chicken specialize in delicious cuisine. There are also plenty of places to explore throughout 77031 Houston such as Discovery Green Park, where you can relax or get active outdoors; and an array of art galleries and theaters for entertainment. With its unique mix of culture, amenities and affordability 77031 Houston offers something for everyone.
Houston (zip 77031) has an unemployment rate of 8.0%. The US average is 6.0%.
Houston (zip 77031) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Houston (zip 77031)
- The Sales Tax Rate for Houston (zip 77031) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Houston (zip 77031) 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 Houston (zip 77031)
- The average income of a Houston (zip 77031) resident is $21,644 a year. The US average is $37,638 a year.
- The Median household income of a Houston (zip 77031) resident is $40,234 a year. The US average is $69,021 a year.