Toco, TX is a small, rural town located close to larger cities in Texas such as Austin and Dallas. Despite its small size, Toco is an inviting and affordable place for many to call home. Rent for a two bedroom apartment is only $840 per month, a great value compared to the national average of $1,430. Groceries are also more affordable than other parts of the United States - the cost index in Toco is 96 compared to 100 nationally. Additionally, there are many local businesses that bring life to the community, like The Donut Shop which has been making delicious treats since 1969 or Babb's BBQ which serves up some of the best smoked meats in Texas. Clearly, Toco is an attractive destination for those looking for an affordable but comfortable place to live.
Toco has an unemployment rate of 7.2%. The US average is 6.0%.
Toco has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 45.8%, which is higher than the US average of 33.5%.
Tax Rates for Toco
- The Sales Tax Rate for Toco is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Toco 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 Toco
- The average income of a Toco resident is $29,420 a year. The US average is $37,638 a year.
- The Median household income of a Toco resident is $54,375 a year. The US average is $69,021 a year.