79705 Midland, TX is a great place to live! With an average 2 bedroom rent of $1,380, it is cheaper than the US average at $1,430. The grocery cost index in 79705 Midland, TX is 99 versus 100 in the US, so groceries are slightly cheaper here. There are many local companies to work for in 79705 Midland, such as XTO Energy, Occidental Petroleum Corporation and Permian Basin Royalty Trust. 79705 Midland also has a lower cost of living than many other places due to its lower rent prices and grocery costs.
Midland (zip 79705) has an unemployment rate of 7.4%. The US average is 6.0%.
Midland (zip 79705) has seen the job market increase by 8.7% 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 79705)
- The Sales Tax Rate for Midland (zip 79705) is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Midland (zip 79705) 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 79705)
- The average income of a Midland (zip 79705) resident is $39,309 a year. The US average is $28,555 a year.
- The Median household income of a Midland (zip 79705) resident is $100,243 a year. The US average is $69,021 a year.