Mercedes, Texas is a small city located in Hidalgo County. It is an industrial town with several major companies operating within its borders, such as Valley Morning Star, Alamo Group, and Rio Grande Regional Hospital. Mercedes offers many family-friendly amenities, including parks, a public library, and a movie theater. Shopping opportunities are plentiful with Walmart Supercenter and Lowe’s Home Improvement being among the notable retailers in the area. The cost of living in Mercedes is quite affordable - 2 bedroom rent averages around $800/month while groceries cost an index of 89 compared to the US average of 100. This makes it easy for families to make their money stretch further. With over 17 thousand people calling Mercedes home it is safe to say that this small city has something for everyone!
Mercedes has an unemployment rate of 11.2%. The US average is 6.0%.
Mercedes 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 Mercedes
- The Sales Tax Rate for Mercedes is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Mercedes 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 Mercedes
- The average income of a Mercedes resident is $12,458 a year. The US average is $28,555 a year.
- The Median household income of a Mercedes resident is $36,325 a year. The US average is $69,021 a year.