Zip 77088 (Houston, TX) Economy


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77088 Houston, TX is a neighborhood located in the vibrant city of Houston. With an estimated population of over 2.3 million, it’s one of the largest cities in the US. The average two bedroom rent in 77088 is $1,100 per month, which is significantly lower than the national average of $1,430. In addition to having cheaper rent, 77088 has a Grocery Cost Index of 95 compared with the US average of 100. Due to its affordability and close proximity to major employers such as ExxonMobil and Chevron Phillips Chemical Company LP, many people are drawn to live and work in 77088 Houston, TX. Moreover, small businesses such as Can-Do-Cupcakes Bakery & Cafe and La Tapatia Mexican Restaurant offer opportunities for residents to dine out or grab a cupcake for special occasions. Thus, 77088 Houston offers affordable housing with access to major employers and local restaurants that make it an attractive neighborhood for many people.

Houston (zip 77088) has an unemployment rate of 8.0%. The US average is 6.0%.

Houston (zip 77088) has seen the job market increase by 3.2% 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 77088)
- The Sales Tax Rate for Houston (zip 77088) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Houston (zip 77088) 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 77088)
- The average income of a Houston (zip 77088) resident is $17,120 a year. The US average is $28,555 a year.
- The Median household income of a Houston (zip 77088) resident is $45,869 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHouston, TexasUnited States
  86
  -5.6%-6.2%
  30.9%33.5%
  8.3%6.2%
  0.0%4.6%
  $20,908$37,638
  $45,869$69,021
  $51,740$85,028
  Population by Occupation
  0.1%1.2%
  2.4%0.5%
  14.7%6.8%
  9.2%10.0%
  3.2%2.5%
  11.7%11.0%
  5.1%4.8%
  1.6%0.8%
  0.4%1.9%
  2.8%4.7%
  1.6%1.9%
  3.5%7.6%
  0.2%0.1%
  6.2%4.2%
  9.2%9.3%
  10.3%14.0%
  0.5%2.1%
  7.5%7.0%
  6.7%4.8%
  3.2%4.7%
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