Hidalgo, Texas is a city located in the Rio Grande Valley. It has a population of around 84,000 people and is home to many businesses such as Coca-Cola, Wal-Mart and IBC Bank. The cost of living in Hidalgo is much lower than the US average. For example, the median 2 bedroom rental rate in Hidalgo is $830 per month while the median 2 bedroom rental rate for the US overall is $1,430 per month. Similarly, the grocery cost index in Hidalgo is 91 compared to 100 in the US overall which suggests groceries are much more affordable there. Taken together this means Hidalgo offers very reasonable costs for housing and groceries making it an attractive destination for those looking for value.
Hidalgo has an unemployment rate of 11.2%. The US average is 6.0%.
Hidalgo has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Hidalgo
- The Sales Tax Rate for Hidalgo is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hidalgo 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 Hidalgo
- The average income of a Hidalgo resident is $11,448 a year. The US average is $28,555 a year.
- The Median household income of a Hidalgo resident is $39,504 a year. The US average is $69,021 a year.