Weatherford, Texas has a cost of living index of 97, which means it is about three percent cheaper than the national average. It is, however, significantly more expensive than the state's cost of living index, which is at 90.
Several indices contribute to Weatherford's affordability. The housing index, for instance, is 20 points lower than the national average.
Weatherford has a median household income of $49,411, which is just slightly lower than the state's median household income of $51,900. Since Weatherford residents live in an area with a higher cost of living, this small difference in income may significantly impact their buying power.
Weatherford, Texas Job Opportunities
Weatherford has a relatively small population of about 28,000. Despite the small population, it has a diverse economy that offers a variety of job opportunities. Some of the area's largest employers include Parker County, the Weatherford Independent School District, and JAMAK, Inc., a silicone rubber manufacturer.
Nurses, doctors, and other health care professionals have several job options in Weatherford. Weatherford Regional Medical Center, for instance, has created about 600 restaurant general manager jobs.
Weatherford, Texas Employment Trends
Before the recession, Weatherford's unemployment rate closely matched the national rate. Luckily for the people of Weatherford, their town did not lose as many jobs as many areas in the U.S. Weatherford's unemployment peaked at 8.3 percent in September 2009, and the national rate peaked at 9.7 percent a few months later.
Economic recovery has slowly improved Weatherford's employment opportunities. At the beginning of 2015, its rate dipped to 4.2 percent while the national rate was at 5.7 percent.