76370 Megargel, TX is a small town situated in Archer County. According to the Census Bureau, the population of Megargel was 571 in 2018. The median income for a household in this area was $47,614 from 2014-18, while the per capita income was $20,264 during the same period. In terms of housing costs, 2 Bedroom rent in Megargel is considerably lower than that across the US at $840 compared to $1,430 respectively. Additionally, grocery cost index is also lower in Megargel with an index of 87 compared to 100 in US. \nLocal companies like White Hall Electric Coop., Inc., Radio Shack, Floor Man and City Pride Hardware Stores are popular among local residents and offer competitive prices on a variety of goods and services. These local businesses are major contributors to Megargel's economy and employ many of its citizens as well.
Megargel (zip 76370) has an unemployment rate of 5.4%. The US average is 6.0%.
Megargel (zip 76370) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.1%, which is lower than the US average of 33.5%.
Tax Rates for Megargel (zip 76370)
- The Sales Tax Rate for Megargel (zip 76370) is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Megargel (zip 76370) 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 Megargel (zip 76370)
- The average income of a Megargel (zip 76370) resident is $22,297 a year. The US average is $28,555 a year.
- The Median household income of a Megargel (zip 76370) resident is $79,167 a year. The US average is $69,021 a year.