Galveston, TX, located in zip code 77550, is a coastal city with a population of around 50,000 people. It is known for its beach-side tourist attractions and its many local businesses. Some popular companies in this area are Moody Gardens, Schlitterbahn Waterpark Galveston Island and Stewart Beach Park. The cost of living is lower than the nation’s average, with a 2 bedroom rent listed at $1,210 versus $1,430 nationally. The Grocery Cost Index for this zip code is also lower than the national average at 98 as compared to 100.
Galveston (zip 77550) has an unemployment rate of 8.4%. The US average is 6.0%.
Galveston (zip 77550) has seen the job market decrease by -5.6% over the last year. Future job growth over the next ten years is predicted to be 31.0%, which is lower than the US average of 33.5%.
Tax Rates for Galveston (zip 77550)
- The Sales Tax Rate for Galveston (zip 77550) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Galveston (zip 77550) 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 Galveston (zip 77550)
- The average income of a Galveston (zip 77550) resident is $31,665 a year. The US average is $37,638 a year.
- The Median household income of a Galveston (zip 77550) resident is $42,081 a year. The US average is $69,021 a year.