Palo Pinto County · Texas · South · 15k residents
Mineral Wells, TX: economy, jobs & business costs
The site-selection read on Mineral Wells: labor costs, talent, corporate tax, energy, and business activity, with the Texas median as the yardstick. Compare it live against any of 3,000 US cities.
Data coverage: ACS place data; supplementary fields may use state estimates.
Average weekly wages in the surrounding labor market run $963/wk. Texas's corporate income tax rate is 0%. Commercial electricity averages 8.6¢/kWh.
Compare Mineral Wells side by side
Avg. weekly wage
$963/wk
Corporate income tax
0%
Bachelor's degree or higher
11.6%
Commercial electricity
8.6¢/kWh
Economic momentum
How fast Mineral Wells's economy is moving, ranked against the US cities we track.
73/100
Heating
Ranks Mineral Wells's residential building-permit and jobs growth against the US cities we cover. The label is relative pace, not a direction, so a market can rank low while some figures still rise. A higher score moves faster, it is not cheaper or better. This is economic activity, not commercial lease rates or vacancy. Not investment or relocation advice.
| ACS median home value | $161,300 |
| Price per sq. ft. | $170 |
| Property tax rate | 1.68% |
| 1-bedroom rent | $788/mo |
| 2-bedroom rent | $990/mo |
| State & local income tax | 0% |
| Sales tax | 8.2% |
| Corporate income tax | 0% |
| Avg. weekly wage | $963/wk |
| Bachelor's degree or higher | 11.6% |
| Commercial electricity | 8.6¢/kWh |
| Businesses per 1k residents | 24.3/1k |
| Wage: Software developer | $132,150 |
| Wage: Registered nurse | $95,970 |
| Wage: General manager | $103,230 |
| Wage: Customer service | $40,420 |
| Wage: Warehouse worker | $36,840 |
| Wage: Heavy truck driver | $56,290 |
| Wage: Electrician | $58,570 |
| Wage: Retail salesperson | $30,800 |
| Cost of living index | 80 |
| Groceries index | 96 |
| Utilities | $185/mo |
| Transit pass | $96/mo |
| Gas price | $2.90/gal |
| Healthcare index | 96 |
| Childcare (per child) | $1,000/mo |
| Median household income | $55,929 |
| Unemployment rate | 4% |
| Population | 15k |
| Crime index | 50/100 |
| School rating | 5.5/10 |
| Walkability | 30/100 |
| Disaster risk | 55/100 |
| Avg. commute | 27 min |
| Sunny days / year | 230 days |
| July high | 96°F |
| January low | 33°F |
| Annual snowfall | — |
| Home price YoY | -1.2% |
| Home price MoM | -0.6% |
| Rent YoY | — |
| Rent MoM | — |
| Employment (jobs) YoY | +2.6% |
| Building permits YoY | -8.3% |
| Ocean coast | 304 mi |
| Big lake | 26 mi |
| Mountains | 264 mi |
| Major airport | 60 mi |
| Ski resort | 450 mi |
Popular comparisons
Nearby
- Weatherford, TX · 36k
- White Settlement, TX · 18k
- Benbrook, TX · 25k
- Saginaw, TX · 25k
- Stephenville, TX · 22k
Similar size
- Live Oak, TX · 16k
- South Houston, TX · 16k
- Highland Village, TX · 16k
- Mount Pleasant, TX · 16k
- Gatesville, TX · 16k
Real listings in Mineral Wells
LoopNet ↗Crexi ↗CommercialCafe ↗
Links open third-party listing searches. WhereToHQ has no paid relationship with these sites.
- Is Mineral Wells a good place to run a business?
- Texas's corporate income tax rate is 0%; average weekly wages in the surrounding labor market run $963/wk; commercial electricity averages 8.6¢/kWh. Weigh these against your own priorities in the business comparison tool.
- What is the cost of living in Mineral Wells, TX?
- Mineral Wells indexes at 80 for day-to-day costs against a national baseline of 100, with a typical two-bedroom renting for $990/mo and a acs median home value of $161,300.
- How much does a house cost in Mineral Wells?
- The acs median home value in Mineral Wells is $161,300 (Census ACS estimate; individual listings vary).
- How much is rent in Mineral Wells?
- A two-bedroom in Mineral Wells rents for about $990/mo.