Cost of Living in Midland, TX
Midland has a cost of living index of 98 (100 = national average), making it close to the national average. The median household income is $75,429 and the median home price is $310,000.
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Midland at a Glance
Population
146,038
Cost of Living Index
98
Median Income
$75,429
Median Home Price
$310,000
Property Tax Rate
1.75%
Sales Tax Rate
8.25%
Rent Index
90
State
Texas
Living in Midland
Midland offers a cost of living below the national average, making it an attractive option for those looking to stretch their dollar further. The median home price of $310,000 is well within reach for many families.
The combined sales tax rate in Midland is 8.25%, and the effective property tax rate is 1.75%. Property taxes are above the national average, which is an important consideration for homebuyers.