McAllen, TX is a city located in Hidalgo County with a zip code of 78504. It is known for having a low cost of living with the median 2 bedroom rent being $1,020 in comparison to the US median rent of $1,430. Additionally, the grocery cost index is 94 versus 100 in the US, which means groceries are more affordable here than in other parts of the country. \nThe city also has a variety of local businesses and attractions for people to visit. Some popular companies include Pinto's Auto Group, 956 Restaurant Group, and Casa de Palmas Renaissance McAllen Hotel. Notable attractions are La Plaza Mall, Quinta Mazatlan World Birding Center, and International Museum of Art & Science. All these places make McAllen an ideal destination for its inhabitants as well as visitors looking to explore all that this vibrant city has to offer.
McAllen (zip 78504) has an unemployment rate of 7.9%. The US average is 6.0%.
McAllen (zip 78504) has seen the job market decrease by -3.6% 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 78504)
- The Sales Tax Rate for McAllen (zip 78504) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for McAllen (zip 78504) 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 78504)
- The average income of a McAllen (zip 78504) resident is $29,151 a year. The US average is $37,638 a year.
- The Median household income of a McAllen (zip 78504) resident is $68,024 a year. The US average is $69,021 a year.