Alto, TX is an attractive town for many reasons. It has a low rental rate with two bedrooms costing only $830 per month, making it much less expensive than the US average of $1,430. Additionally, the grocery cost index in Alto is only 90 versus 100 in the US, further reducing costs for those living here. There are many local businesses in Alto such as Heizelwood's Barbecue Restaurant, The New Age Salon & Spa, and Woodvine Grocery Store. These businesses are great options for shopping and dining locally. Residents will enjoy the combination of low rent prices and local establishments that make Alto an affordable place to live.
Alto has an unemployment rate of 7.6%. The US average is 6.0%.
Alto has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.4%, which is lower than the US average of 33.5%.
Tax Rates for Alto
- The Sales Tax Rate for Alto is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Alto 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 Alto
- The average income of a Alto resident is $16,525 a year. The US average is $28,555 a year.
- The Median household income of a Alto resident is $43,690 a year. The US average is $69,021 a year.