Midland, TX is a city located in the state of Texas with a population of over 136,000. It is known for its vibrant culture and exciting activities, as well as being a great place to live. The average two-bedroom rent in Midland is $1,510 which is slightly above the US average of $1,430. There are numerous local companies that contribute to the economy including Concho Resources Inc., Pioneer Natural Resources Co., Diamondback Energy Inc., Energen Corp., and Apache Corporation. Midland also has a Grocery Cost Index of 95 which is lower than the US index at 100. This indicates that it has a relatively low cost of living compared to other parts of the country.
Midland (zip 79703) has an unemployment rate of 7.4%. The US average is 6.0%.
Midland (zip 79703) 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 79703)
- The Sales Tax Rate for Midland (zip 79703) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Midland (zip 79703) 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 79703)
- The average income of a Midland (zip 79703) resident is $34,917 a year. The US average is $37,638 a year.
- The Median household income of a Midland (zip 79703) resident is $86,542 a year. The US average is $69,021 a year.