Chico, TX is a small town with a population of around 1,000 people. It is located in the northern part of Texas and is known for its rural lifestyle and friendly people. Despite its small size, Chico has a few local businesses that help make it an enjoyable place to live. These include a grocery store, several restaurants, and some specialty stores. The cost of living in Chico is relatively low compared to other areas in Texas; rent for two-bedroom apartments is about $1,030 per month while groceries have an index rating of 97% compared to the US overall rating of 100%. This makes Chico an affordable place to call home.
Chico has an unemployment rate of 6.1%. The US average is 6.0%.
Chico has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 40.0%, which is higher than the US average of 33.5%.
Tax Rates for Chico
- The Sales Tax Rate for Chico is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Chico 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 Chico
- The average income of a Chico resident is $18,185 a year. The US average is $28,555 a year.
- The Median household income of a Chico resident is $61,351 a year. The US average is $69,021 a year.