Olmito, TX is a small city located in Cameron County. It is known for its affordable housing with two bedroom rentals averaging around $1,120 compared to the national average of $1,430. Furthermore, Olmito has a grocery cost index of 95 versus a 100 index in the US. This indicates that Olmito offers lower prices on groceries than other cities in the US. \nThe city also offers numerous local businesses like Tierra Linda Food Mart, Taqueria El Charro, and Palenque Mexican Grill for residents and visitors to enjoy. All three establishments are well-known throughout the area due to their quality service and delicious food. Additionally, Olmito has several retail stores such as Dollar General and Walmart Neighborhood Grocery Store for shoppers looking for convenience and affordability. \nOverall, Olmito is an excellent place to live or visit due to its low cost of living when compared to other cities in the US; not only does it offer affordable rental and grocery prices, but also many local businesses that make the city unique and enjoyable for all who come here.
Olmito has an unemployment rate of 10.0%. The US average is 6.0%.
Olmito has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Olmito
- The Sales Tax Rate for Olmito is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Olmito 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 Olmito
- The average income of a Olmito resident is $10,151 a year. The US average is $28,555 a year.
- The Median household income of a Olmito resident is $37,051 a year. The US average is $69,021 a year.