Midland, TX, with zip code 79706, is a vibrant city located in the Permian Basin region of West Texas. The 2 Bedroom Rent in Midland is slightly below the national average at $1,290 versus $1,430 in the United States. Additionally, the Grocery Cost Index for Midland is comparable to the US with an index value of 100. This makes Midland an attractive and affordable living option for many families. Local companies in Midland include oil companies such as Apache Corporation and EOG Resources; banks like BBVA Compass Bank and Wells Fargo; plus retail stores like Walmart and Target. There are also many restaurants, entertainment venues, and other businesses that contribute to the livability of this city.
Midland (zip 79706) has an unemployment rate of 7.4%. The US average is 6.0%.
Midland (zip 79706) 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 79706)
- The Sales Tax Rate for Midland (zip 79706) is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Midland (zip 79706) 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 79706)
- The average income of a Midland (zip 79706) resident is $39,414 a year. The US average is $37,638 a year.
- The Median household income of a Midland (zip 79706) resident is $101,284 a year. The US average is $69,021 a year.