Whether you're considering relocation to Midland, Texas or just curious about the cost of living in Midland, Texas, the PayScale Cost of Living Calculator is the place to begin your research. When looking at the cost of living charts below, be sure to pay attention to the housing expense category. Housing costs and mortgage rates can vary by city because local banks can have different mortgage rates from their national competition. If you are serious about relocation to Midland, Texas, you might want to investigate local mortgage rate options before you put your house up for sale.
Cost of Living in Midland, Texas by Expense Category
Living in Midland, TexasAt the midway point between Forth Worth and El Paso, you will find the city of Midland, Texas. Named after its "midway" location, Midland is known for its abundance of oil. In 1923, oil was discovered in the Permain Basin and this small farm town was changed forever. Midland is the center of the oil industry in West Texas. In 2006, there was a busy period of crude oil production, creating a high demand for people to work in the oil industry, with over 2,000 open jobs in Midland alone. Though Midland is known for its oil production, there are also many museums and performing arts centers in the city, as well as three community colleges. With so many job opportunities in the oil industry, how much will it cost to relocate to Midland, Texas? Use PayScale’s Cost of Living Calculator to find out.
Salaries and Cost of Living in Midland, TexasThe Cost of Living in Midland, Texas is lower than the national average, making it a very affordable city. But how does the city rank when it comes to salary? The economy in Midland, Texas still relies heavily on the petroleum industry. Researching Salaries in Midland by Job Title shows that the median petroleum engineer salary is around $90,000 while petroleum geologists earn a median salary of over $100,000. For Midland as a whole, measuring Salaries by Years of Experience shows a median starting salary of around $40,000 for employees with less than one year of experience and a median of around $80,000 after 20 years of experience.