79701 Midland, TX is a great place to live for those looking for an affordable spot with plenty of job opportunities. The average 2-bedroom rent in 79701 Midland, TX is $1,260, which is significantly lower than the US average of $1,430. This makes it an attractive and affordable option for potential renters. Additionally, the Grocery Cost Index in 79701 Midland, TX is only 93 compared to the US index of 100. This means that people living in 79701 will have a cheaper grocery bill than those in other US cities.
Job opportunities are abundant in 79701 due to its thriving oil and gas industry, with major local companies such as Occidental Petroleum Corporation (OXY) and Apache Corporation employing thousands of workers every year. Additionally, the city boasts multiple well known tech firms such as Lucas Energy Inc., Abraxas Petroleum Corporation (AXAS), and Pioneer Natural Resources Company that all have offices here.
Overall, 79701 Midland provides an excellent balance between affordability and job opportunities making it an ideal city to live in for those who are looking for both cheaper rents and a good career path.
Midland (zip 79701) has an unemployment rate of 7.4%. The US average is 6.0%.
Midland (zip 79701) has seen the job market decrease by -13.6% over the last year. Future job growth over the next ten years is predicted to be 48.3%, which is higher than the US average of 33.5%.
Tax Rates for Midland (zip 79701)
- The Sales Tax Rate for Midland (zip 79701) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Midland (zip 79701) 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 Midland (zip 79701)
- The average income of a Midland (zip 79701) resident is $26,802 a year. The US average is $37,638 a year.
- The Median household income of a Midland (zip 79701) resident is $52,409 a year. The US average is $69,021 a year.