Rio Hondo, TX is an attractive destination for renters, offering two bedroom rentals at $880. This represents a 38% decrease from the US average of $1,430. In addition to the lower rent prices, the cost of groceries in Rio Hondo is also substantially cheaper than other regions with a grocery cost index of 91 compared to 100 in the US. Additionally, Rio Hondo offers many job opportunities at local companies like Refugio County Electric Cooperative and Texas Air Conditioning Repair. All things considered, Rio Hondo presents an ideal location for renters looking for affordable housing and accessible employment.
Rio Hondo has an unemployment rate of 10.0%. The US average is 6.0%.
Rio Hondo 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 Rio Hondo
- The Sales Tax Rate for Rio Hondo is 6.3%. The US average is 7.3%.
- The Income Tax Rate for Rio 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 Rio Hondo
- The average income of a Rio Hondo resident is $15,735 a year. The US average is $28,555 a year.
- The Median household income of a Rio Hondo resident is $36,579 a year. The US average is $69,021 a year.