Hidalgo County, located in Texas is an area of great economic opportunity. With a lower median rent for two bedroom apartments at $880 compared to the US median of $1,430, it's no surprise that many are drawn to the area. Residents also benefit from a lower Grocery Cost Index which stands at 90 compared to the national average of 100. The affordability of living in Hidalgo County has attracted large companies such as Amazon and Walmart to open branches in the area, contributing to the already thriving local economy. Overall, Hidalgo County offers a lower cost of living than other similar areas within United States while still having access to many of the same amenities and services.
Hidalgo County has an unemployment rate of 11.2%. The US average is 6.0%.
Hidalgo County has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 32.2%, which is lower than the US average of 33.5%.
Tax Rates for Hidalgo County
- The Sales Tax Rate for Hidalgo County is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Hidalgo County 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 Hidalgo County
- The average income of a Hidalgo County resident is $14,525 a year. The US average is $28,555 a year.
- The Median household income of a Hidalgo County resident is $44,666 a year. The US average is $69,021 a year.