Zip 78545 (New Falcon, TX) Economy


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Located in New Falcon, Texas, 78545 is a great place to settle down and start a new life. The area has an average two bedroom rent of $740 per month, which is much lower than the national rate of $1,430. Grocery cost index in this area is also very competitive at 87 versus 100 in the US.
The area around 78545 offers plenty of local businesses such as Joe's Pizzeria, known for its delicious pizza and salads; Mary's Bakery that provides freshly made cakes and pastries; Smith's Hardware Store with all the tools and products needed for DIY projects; and Jones Auto Repair shop for car maintenance needs. There are also plenty of outdoor activities to engage in such as fishing, camping, hiking trails, and swimming spots nearby. With its convenient location and low cost of living, 78545 in New Falcon is an ideal place to live.

New Falcon (zip 78545) has an unemployment rate of 18.4%. The US average is 6.0%.

New Falcon (zip 78545) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 21.5%, which is lower than the US average of 33.5%.

Tax Rates for New Falcon (zip 78545)
- The Sales Tax Rate for New Falcon (zip 78545) is 6.3%. The US average is 7.3%.
- The Income Tax Rate for New Falcon (zip 78545) 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 New Falcon (zip 78545)
- The average income of a New Falcon (zip 78545) resident is $13,375 a year. The US average is $28,555 a year.
- The Median household income of a New Falcon (zip 78545) resident is $18,364 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNew Falcon, TexasUnited States
  18.46
  -4.0%-6.2%
  21.5%33.5%
  6.3%6.2%
  0.0%4.6%
  $12,309$37,638
  $18,364$69,021
  $34,191$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  0.0%10.0%
  0.0%2.5%
  0.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  23.7%9.3%
  55.3%14.0%
  0.0%2.1%
  0.0%7.0%
  0.0%4.8%
  21.1%4.7%
Health