Ricardo, TX is a small town located in the state of Texas. It offers affordable living and housing costs, with an average two bedroom rent rate of $1,050, whereas the US average is closer to $1,430. Grocery costs for Ricardo residents are also lower than the national average at 91 versus 100. The local economy is supported by a number of companies such as Ricardo Garage and Ricardo Auto Parts dealerships, S&R Pharmacy, and Longacre Farms Inc grocery store. Residents also enjoy the nearby recreational activities offered by George Park and Wagon Wheel Golf Course.
Ricardo has an unemployment rate of 8.5%. The US average is 6.0%.
Ricardo has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 5.7%, which is lower than the US average of 33.5%.
Tax Rates for Ricardo
- The Sales Tax Rate for Ricardo is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Ricardo 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 Ricardo
- The average income of a Ricardo resident is $26,920 a year. The US average is $28,555 a year.
- The Median household income of a Ricardo resident is $50,268 a year. The US average is $69,021 a year.