Hondo, TX is a vibrant town located in Medina county, nestled between San Antonio and Del Rio. It offers a range of amenities and opportunities for its residents. With regards to affordability, 2 bedroom rent in Hondo come in at an average of $960 compared to the national average of $1,430 for two bedrooms. This makes it a great option for those seeking affordable housing. Similarly, the Grocery Cost Index in Hondo is 89 versus 100 at the US level - indicating that groceries are also cheaper here than elsewhere.
Hondo has become an economic hub over recent years with more business investments flowing into the area. Companies such as Mission Petroleum Carriers, NAPA Auto Parts and Texas Department of Criminal Justice have established their operations here offering employment opportunities and growth prospects. Additionally, research has revealed that Hondo is becoming increasingly popular among retirees due to its low cost of living when compared to other cities throughout the US.
Hondo has an unemployment rate of 6.2%. The US average is 6.0%.
Hondo has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Hondo
- The Sales Tax Rate for Hondo is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Hondo 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 Hondo
- The average income of a Hondo resident is $18,026 a year. The US average is $37,638 a year.
- The Median household income of a Hondo resident is $53,603 a year. The US average is $69,021 a year.