Muleshoe, TX is a small town located in Bailey County with a population of 3,353 according to the 2019 U.S Census. It is known for its many amenities and is an ideal place for those looking to settle down in rural Texas. The median rent for a two-bedroom apartment in Muleshoe is $1,230 which is much cheaper than the US average of $1,430. The Grocery Cost Index in Muleshoe is 89 versus 100 in the US which means groceries are more affordable here than other parts of the country. There are many local businesses that make up the economy of Muleshoe such as Big Country Electric Co-op, Fannin Motors Inc., and PBT Ag Supply. Also, the K & A Tire Shop and Lubbock National Bank provide important services to residents of Muleshoe.
Muleshoe (zip 79347) has an unemployment rate of 5.6%. The US average is 6.0%.
Muleshoe (zip 79347) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 13.2%, which is lower than the US average of 33.5%.
Tax Rates for Muleshoe (zip 79347)
- The Sales Tax Rate for Muleshoe (zip 79347) is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Muleshoe (zip 79347) 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 Muleshoe (zip 79347)
- The average income of a Muleshoe (zip 79347) resident is $29,417 a year. The US average is $37,638 a year.
- The Median household income of a Muleshoe (zip 79347) resident is $64,945 a year. The US average is $69,021 a year.