78503 McAllen, TX is a bustling city with a vibrant culture and a strong economy. It is an affordable place to live; the 2 bedroom rent in 78503 McAllen, TX is $1,010 compared to the US average of $1,430. This makes it an attractive option for those looking to make their home in the area. The grocery cost index in 78503 McAllen, TX is 90 versus 100 in the US which indicates that groceries are relatively inexpensive here.
The city offers plenty of jobs at local companies such as Lowe's Home Improvement, Journeys Shoes, Everman’s Finest Meats and Deli, and Unilens Vision Inc. There are also several well-known retail stores such as H-E-B Grocery Store and Walmart Supercenter located in 78503 McAllen. These businesses provide employment opportunities for many locals and offer excellent services and products to their customers.
McAllen (zip 78503) has an unemployment rate of 7.9%. The US average is 6.0%.
McAllen (zip 78503) has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for McAllen (zip 78503)
- The Sales Tax Rate for McAllen (zip 78503) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for McAllen (zip 78503) 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 McAllen (zip 78503)
- The average income of a McAllen (zip 78503) resident is $20,176 a year. The US average is $28,555 a year.
- The Median household income of a McAllen (zip 78503) resident is $40,012 a year. The US average is $69,021 a year.