Milano, TX is a small town in Texas with a population of around 800 people. It has a relaxed atmosphere and is great for those who want to escape the hustle and bustle of city life. The cost of living in Milano is relatively low, with 2 bedroom rent at only $970 compared to the national rate of $1,430. Additionally, the grocery cost index is 90 versus 100 nationally. There are several local companies providing goods and services such as Milano Hardware Store, Tony's Auto Repair Shop, and Mary Jane's Bakery. These businesses provide quality products and services to locals while also supporting the economy of Milano.
Milano has an unemployment rate of 7.6%. The US average is 6.0%.
Milano has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 19.3%, which is lower than the US average of 33.5%.
Tax Rates for Milano
- The Sales Tax Rate for Milano is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Milano 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 Milano
- The average income of a Milano resident is $13,784 a year. The US average is $28,555 a year.
- The Median household income of a Milano resident is $62,948 a year. The US average is $69,021 a year.